Spring Valley, KY is a small yet beautiful town located in the south of Kentucky. With its pleasant atmosphere and friendly environment, this town provides an ideal living for those who want to escape from the hustle and bustle of city life. The two bedroom rental rate in Spring Valley is quite affordable at $1,370, which is much lower than the US average of $1,430. Furthermore, the cost of living in Spring Valley is very low; its grocery cost index (102) is slightly higher than the national average (100). Companies such as B & K Construction and Swartz Electric Supply are popular for their services throughout Spring Valley.
Spring Valley has an unemployment rate of 5.0%. The US average is 6.0%.
Spring Valley has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 38.3%, which is higher than the US average of 33.5%.
Tax Rates for Spring Valley
- The Sales Tax Rate for Spring Valley is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Spring Valley is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Spring Valley
- The average income of a Spring Valley resident is $38,238 a year. The US average is $28,555 a year.
- The Median household income of a Spring Valley resident is $136,875 a year. The US average is $69,021 a year.