Salyersville, KY is a great small town located in the foothills of the Appalachian Mountains. The cost of living here is very low, with two bedroom rent coming in at only $700 a month. Grocery costs are even lower as well, with the cost index at 96 versus 100 in the US. This makes it an ideal location for people who want to live in a rural area without spending too much on expenses. The town is home to various local businesses such as Salyersville Hardware and Salyersville Auto Parts, as well as government services such as Magoffin County Public Library and Magoffin County Health Department. All these services make life easier for the citizens of Salyersville, KY.
Salyersville has an unemployment rate of 13.6%. The US average is 6.0%.
Salyersville has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 2.1%, which is lower than the US average of 33.5%.
Tax Rates for Salyersville
- The Sales Tax Rate for Salyersville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Salyersville is 7.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Salyersville
- The average income of a Salyersville resident is $17,654 a year. The US average is $37,638 a year.
- The Median household income of a Salyersville resident is $27,457 a year. The US average is $69,021 a year.