Providence, KY is a quiet town in the state of Kentucky with a population of approximately 500 people. The cost of living is much lower than the average US city - 2 bedroom rent is only $610 compared to the national average of $1,430. grocery costs are also significantly lower, with an index score of 88 compared to 100 in the US. Local companies that provide employment include E&L Coal Co., Precision Tube LLC, ABCO Industries Inc., and Tompkinsville Hardwood Flooring Co. For those looking for recreation or nightlife, Providence also offers several parks, restaurants and bars to enjoy.
Providence has an unemployment rate of 4.9%. The US average is 6.0%.
Providence has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 19.4%, which is lower than the US average of 33.5%.
Tax Rates for Providence
- The Sales Tax Rate for Providence is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Providence 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 Providence
- The average income of a Providence resident is $24,236 a year. The US average is $37,638 a year.
- The Median household income of a Providence resident is $44,306 a year. The US average is $69,021 a year.