Water Valley, KY is a small town located in western Kentucky with a tight-knit community. It offers a quiet lifestyle close to nature which makes it perfect for those who want to escape the hustle and bustle of city life. One of the main advantages of living in Water Valley is the cost of housing; the two bedroom rent is considerably lower than most other places in the US at only $650 per month. Additionally, the grocery cost index is lower compared to most other places in the US at only 90 points.
Some local businesses that support Water Valley's economy include Faught Auto Parts, Wiggington Logging Company, and Hartland Farms. These family owned businesses give Water Valley its small-town charm and contribute significantly to its economy.
With its low cost of living, proximity to nature, and strong sense of community, Water Valley is an attractive place to live for people looking for an alternative to city life.
Water Valley has an unemployment rate of 4.9%. The US average is 6.0%.
Water Valley has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 31.7%, which is lower than the US average of 33.5%.
Tax Rates for Water Valley
- The Sales Tax Rate for Water Valley is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Water Valley 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 Water Valley
- The average income of a Water Valley resident is $38,032 a year. The US average is $37,638 a year.
- The Median household income of a Water Valley resident is $58,750 a year. The US average is $69,021 a year.