Carter, KY County is a small rural area in the eastern part of Kentucky. It offers affordable living with two bedroom rent prices being around $740 compared to the US average of $1,430. It also has a lower Grocery Cost Index than the national average at 97 versus 100. The county is home to many local companies such as Carter County Products, LLC and Carter County Dairy that provide employment opportunities to the locals and contribute to its economy. The area also has great educational opportunities for children through its various public schools such as East Carter High School and West Carter Middle School.
Carter County has an unemployment rate of 8.4%. The US average is 6.0%.
Carter County has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 18.3%, which is lower than the US average of 33.5%.
Tax Rates for Carter County
- The Sales Tax Rate for Carter County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Carter 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 Carter County
- The average income of a Carter County resident is $21,141 a year. The US average is $37,638 a year.
- The Median household income of a Carter County resident is $40,092 a year. The US average is $69,021 a year.