Westwood CDP, KY is a charming small town located in the heart of Kentucky. The cost of living in this area is very reasonable compared to other areas, with 2 bedroom rent being $840 which is far lower than the US average of $1,430. The Grocery Cost Index is also lower than the US average, coming in at 98 versus 100. This makes Westwood CDP an ideal place for those looking for a more affordable lifestyle. Local businesses in this community include Westwood Pharmacy, which provides locals with much needed prescription medications and general health care advice; and Bluegrass Candles, which specializes in handmade soy candles and wax melts. Other small businesses include Artisan Pies & Pastries, where customers can find freshly baked pies and pastries; as well as Roxy's Boutique, offering trendy apparel for men and women.
Westwood CDP (Boyd County) has an unemployment rate of 6.6%. The US average is 6.0%.
Westwood CDP (Boyd County) has seen the job market decrease by -4.6% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.
Tax Rates for Westwood CDP (Boyd County)
- The Sales Tax Rate for Westwood CDP (Boyd County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Westwood CDP (Boyd County) 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 Westwood CDP (Boyd County)
- The average income of a Westwood CDP (Boyd County) resident is $23,725 a year. The US average is $37,638 a year.
- The Median household income of a Westwood CDP (Boyd County) resident is $54,646 a year. The US average is $69,021 a year.