Pike, KY County is located in the eastern part of Kentucky and is known for its low cost of living. Two bedroom rental costs are much lower than the national average at $770 compared to $1,430. The grocery cost index is also lower than the US average at 96 versus 100. The low cost of living makes Pike, KY County a great place to live for families on a budget.
The county boasts plenty of local companies that offer a variety of services for residents including Pike Electric Cooperative which provides electricity to customers all over the county, as well as Insight Communications which offers cable television, internet, and phone services. Additionally, medical care can be accessed through hospitals such as Eastern Kentucky Medical Centers and Hometown Family Medical Center.
Overall, Pike, KY County is an affordable place to live with plenty of local businesses offering services to residents at a low cost.
Pike County has an unemployment rate of 7.0%. The US average is 6.0%.
Pike County has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 20.0%, which is lower than the US average of 33.5%.
Tax Rates for Pike County
- The Sales Tax Rate for Pike County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Pike 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 Pike County
- The average income of a Pike County resident is $22,870 a year. The US average is $37,638 a year.
- The Median household income of a Pike County resident is $36,910 a year. The US average is $69,021 a year.