Summersville, KY is a small town located in the state of Kentucky. It is home to a variety of local businesses, including banks, restaurants, shops, and medical centers. Compared to the US average, Summersville has a lower cost of living. The average rental cost for a two-bedroom apartment in Summersville is only $740 per month compared to the national average of nearly $1,500 per month. Additionally, Summersville residents can expect to pay significantly less for groceries than people in other areas as the grocery cost index score in Summersville is 92 compared to 100 for the US. This makes it easier for individuals and families to live comfortably on their income without having to worry about high costs.
Summersville has an unemployment rate of 4.0%. The US average is 6.0%.
Summersville has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 34.1%, which is higher than the US average of 33.5%.
Tax Rates for Summersville
- The Sales Tax Rate for Summersville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Summersville 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 Summersville
- The average income of a Summersville resident is $19,005 a year. The US average is $28,555 a year.
- The Median household income of a Summersville resident is $36,250 a year. The US average is $69,021 a year.