St. Matthews, KY is an excellent choice for those looking for a great place to live with affordable rent prices. The 2 bedroom rent in St. Matthews, KY is approximately $140 less than the US average of $1,430 per month, making it an attractive option for families or individuals on a budget. Additionally, the grocery cost index in St. Matthews is 102 compared to 100 in the US, which further contributes to the affordability of living here.
The city of St. Matthews has a number of local companies that make it an ideal place to call home and work as well. Some notable businesses include Yum! Brands Inc., Brown-Forman Corporation, Semonin Realtors and Courier Journal Media Group. With strong job growth and low unemployment rates in this area, residents can rest assured that they have access to great employment opportunities and career advancement potential as well as affordable housing options.
St. Matthews has an unemployment rate of 5.0%. The US average is 6.0%.
St. Matthews 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 St. Matthews
- The Sales Tax Rate for St. Matthews is 6.0%. The US average is 7.3%.
- The Income Tax Rate for St. Matthews is 6.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for St. Matthews
- The average income of a St. Matthews resident is $35,200 a year. The US average is $28,555 a year.
- The Median household income of a St. Matthews resident is $72,910 a year. The US average is $69,021 a year.