Floyd, KY County is an area with a lower cost of living than the US average. According to recent data, two bedroom rent in Floyd, KY County is $760, which is significantly less than the national average of $1,430. Grocery Cost Index in Floyd, KY County is 96 versus 100 in the US, making it a great place to live for those looking to save money. Floyd is home to several local businesses such as Paycheck Resources Inc., Central Bank & Trust Co., and Community Trust Bank. These companies provide many jobs for locals and are beneficial to the community as a whole. The low rents found in Floyd make it an attractive place for people on a budget who want to get more space for their money compared to other areas of the country.
Floyd County has an unemployment rate of 7.5%. The US average is 6.0%.
Floyd County has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 18.6%, which is lower than the US average of 33.5%.
Tax Rates for Floyd County
- The Sales Tax Rate for Floyd County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Floyd 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 Floyd County
- The average income of a Floyd County resident is $17,958 a year. The US average is $28,555 a year.
- The Median household income of a Floyd County resident is $37,360 a year. The US average is $69,021 a year.