Nestled in Drakesboro, Kentucky, the city offers affordable rent at $660 for a two bedroom house when compared to the US average of $1,430. This makes it an ideal area for those looking to save on housing costs. The local grocery cost index is also lower than the national average at 91 versus 100. There are a number of local companies that provide food such as Kincheloe's Corner Grocery, A & B Grocery Store, and Village Market. The city has an overall lower cost of living than other areas in the United States when it comes to rent and groceries.
Drakesboro (zip 42337) has an unemployment rate of 6.9%. The US average is 6.0%.
Drakesboro (zip 42337) has seen the job market decrease by -2.7% over the last year. Future job growth over the next ten years is predicted to be 16.3%, which is lower than the US average of 33.5%.
Tax Rates for Drakesboro (zip 42337)
- The Sales Tax Rate for Drakesboro (zip 42337) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Drakesboro (zip 42337) 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 Drakesboro (zip 42337)
- The average income of a Drakesboro (zip 42337) resident is $20,154 a year. The US average is $28,555 a year.
- The Median household income of a Drakesboro (zip 42337) resident is $37,237 a year. The US average is $69,021 a year.