Rowan, KY County is a great place to settle down. It has an affordable housing market, with 2 bedroom rents being $770 compared to the US average of $1,430. Renting here will give you more money for other necessities like groceries. The Grocery Cost Index in Rowan County is 94 versus 100 in the US, making it a great place to save on groceries too! Local businesses in Rowan County include farming, manufacturing, coal mining and forestry. There are also many local small businesses that thrive off the vibrant community such as restaurants, stores and markets. It’s no wonder why so many people are flocking to this area for its cost of living and services.
Rowan County has an unemployment rate of 5.9%. The US average is 6.0%.
Rowan County has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Rowan County
- The Sales Tax Rate for Rowan County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Rowan 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 Rowan County
- The average income of a Rowan County resident is $25,416 a year. The US average is $37,638 a year.
- The Median household income of a Rowan County resident is $45,681 a year. The US average is $69,021 a year.