Flatwoods, KY is a great place to live. The rent for a 2 bedroom apartment in Flatwoods is $910 compared to the US rate of $1,430. Additionally, groceries are relatively affordable in Flatwoods with the Grocery Cost Index being 98 versus 100 in the US. There are many local companies and amenities that make living in Flatwoods even more enjoyable. Residents can enjoy shopping at Walmart, Lowe’s, Sam’s Club and Dollar General which are all popular stores located in Flatwoods. There are also many restaurants such as Applebee’s, KFC, Subway and Sonic Drive-In offering a variety of dining options. For entertainment, there are bowling alleys, movie theaters and golf courses and parks throughout the area. With its affordable housing market and ample local companies and amenities, it's no wonder why so many people choose to live in Flatwoods!
Flatwoods has an unemployment rate of 7.1%. The US average is 6.0%.
Flatwoods has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Flatwoods
- The Sales Tax Rate for Flatwoods is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Flatwoods 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 Flatwoods
- The average income of a Flatwoods resident is $20,957 a year. The US average is $28,555 a year.
- The Median household income of a Flatwoods resident is $54,673 a year. The US average is $69,021 a year.