Calloway County, KY is a vibrant community located in the western part of the state. It has an estimated population size of over 30,000 residents and is home to several businesses and organizations that contribute to its local economy. Some of these include The Calloway County Chamber of Commerce, Bank of Murray, Illinois Central College, The Christian Motorcycle Association, and many more. The cost of living is relatively low compared to the US with a two bedroom rental averaging only $920 and a grocery cost index that is 92 compared to 100 in the US. This makes it an attractive place for families looking for inexpensive housing options as well as those looking to start their own businesses in this area.
Calloway County has an unemployment rate of 5.1%. The US average is 6.0%.
Calloway County has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Calloway County
- The Sales Tax Rate for Calloway County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Calloway County 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 Calloway County
- The average income of a Calloway County resident is $25,278 a year. The US average is $37,638 a year.
- The Median household income of a Calloway County resident is $44,534 a year. The US average is $69,021 a year.