Boyd, KY County is a small rural area located on the banks of the Ohio River in eastern Kentucky. It has a population of about 18,000 people, making it one of the smaller counties in the state. Despite its size, Boyd County is home to a wide array of businesses including manufacturing companies, retail stores and schools. The county also boasts an excellent quality of life with low rental costs compared to other parts of the country. According to recent data, 2 bedroom rent in Boyd County is $830 per month while similar rentals cost an average of $1,430 across the United States. In addition to lower rental prices, Boyd County has lower grocery costs than most other parts of the country; its grocery cost index is 97 compared to 100 for the rest of America.
Boyd County has an unemployment rate of 6.6%. The US average is 6.0%.
Boyd County has seen the job market increase by 0.2% 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 Boyd County
- The Sales Tax Rate for Boyd County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for 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 Boyd County
- The average income of a Boyd County resident is $24,446 a year. The US average is $28,555 a year.
- The Median household income of a Boyd County resident is $53,077 a year. The US average is $69,021 a year.