Wolfe, KY County is a small rural county located in the eastern part of Kentucky. It is home to a diverse population and offers numerous options for entertainment and recreation. The cost of living in Wolfe County is considerably lower than the US average; two bedroom rent averages at $740 while groceries are 92 on the index versus 100 in the US. Local businesses include The Wolfe County General Store, which offers a variety of products ranging from food items to apparel and electronics, as well as several eateries such as Wolfie’s Restaurant & Bar, and Wolfe County Pizzeria. There are also plenty of activities for those looking to explore the area including hiking trails, fishing spots, and parks.
Wolfe County has an unemployment rate of 6.8%. The US average is 6.0%.
Wolfe County has seen the job market increase by 3.8% over the last year. Future job growth over the next ten years is predicted to be 26.9%, which is lower than the US average of 33.5%.
Tax Rates for Wolfe County
- The Sales Tax Rate for Wolfe County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Wolfe County is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Wolfe County
- The average income of a Wolfe County resident is $13,052 a year. The US average is $37,638 a year.
- The Median household income of a Wolfe County resident is $24,349 a year. The US average is $69,021 a year.