Paducah, KY Metro Area is a great city to live in due its affordability. The average 2 bedroom rent in Paducah is $850 compared to the national average of $1,430 making it an attractive option for those looking for a more affordable place to live. The Grocery Cost Index in Paducah is 92 versus 100 in the US which means that groceries are even cheaper than the national average. This makes it ideal for those living on a budget. In terms of attractions and businesses, Paducah has plenty to offer. Some popular local companies include Marshall’s Department Store, Couch Distributors Inc., and G&M Distributing Co. As for attractions, popular spots include The National Quilt Museum, River Discovery Center, and Carson Park. These places showcase the unique culture of Padacuh while providing plenty of opportunities for people to explore the area’s history and culture.
Paducah Metro Area has an unemployment rate of 5.9%. The US average is 6.0%.
Paducah Metro Area has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Paducah Metro Area
- The Sales Tax Rate for Paducah Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Paducah Metro Area is 8.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Paducah Metro Area
- The average income of a Paducah Metro Area resident is $30,711 a year. The US average is $37,638 a year.
- The Median household income of a Paducah Metro Area resident is $53,891 a year. The US average is $69,021 a year.