Raywick, KY is a small rural town located in Marion County. It has a population of around 200 people and is known for its quiet atmosphere and pleasant surroundings. The cost of living in Raywick, KY is very affordable, with an average two bedroom rent rate being $800 compared to the US average of $1,430. Additionally the grocery cost index in Raywick is 96 compared to 100 nationally. Local businesses in Raywick include Hometown Market which offers groceries as well as a pharmacy and gas station, and Legrand's Farm Supplies which provides all kinds of farm equipment and feed. All in all, the cost of living in Raywick makes it an ideal place to live for those on a budget or retirees looking to enjoy a peaceful lifestyle.
Raywick has an unemployment rate of 4.5%. The US average is 6.0%.
Raywick has seen the job market decrease by -9.1% over the last year. Future job growth over the next ten years is predicted to be 39.5%, which is higher than the US average of 33.5%.
Tax Rates for Raywick
- The Sales Tax Rate for Raywick is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Raywick 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 Raywick
- The average income of a Raywick resident is $24,531 a year. The US average is $37,638 a year.
- The Median household income of a Raywick resident is $44,464 a year. The US average is $69,021 a year.