Raceland, KY is a small town located in Greenup County with a population of around 2,250 people. It is known for its scenic views and friendly atmosphere. Raceland has many local businesses including but not limited to the Raceland ABC Store, the Blue Heron Winery, and the Family Dollar Store.
The cost of living in Raceland is fairly low compared to other areas in the US. For example, a two bedroom apartment rents for $790 versus the US average of $1,430. Similarly, grocery costs are lower in Raceland as its Grocery Cost Index is 101 compared to 100 in the US on average. This means that essential items such as food and housing are more affordable for residents of Raceland than they would be elsewhere.
Raceland has an unemployment rate of 7.1%. The US average is 6.0%.
Raceland has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Raceland
- The Sales Tax Rate for Raceland is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Raceland is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Raceland
- The average income of a Raceland resident is $22,147 a year. The US average is $28,555 a year.
- The Median household income of a Raceland resident is $58,227 a year. The US average is $69,021 a year.