Madisonville, KY is a small city located in Hopkins County, with a population of 4,243 according to the 2019 census. The average cost of renting a two bedroom apartment in Madisonville is $790, which is significantly cheaper than the US national average of $1,430. Grocery costs are also lower here, with an index score of 93 compared to 100 across the US.
The city is home to many businesses such as Bright Ideas Lighting & Home Decor LLC and HVAC-R Mechanic Contractors LLC, offering services such as home decorating and heating repairs respectively. There are also numerous attractions for those looking for entertainment or recreational activities; Greenwell Chisholm Park offers outdoor fun with walking trails and picnic spots, while Heron Lake Golf Course provides excellent golfing opportunities.
Madisonville (zip 42431) has an unemployment rate of 5.3%. The US average is 6.0%.
Madisonville (zip 42431) has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Madisonville (zip 42431)
- The Sales Tax Rate for Madisonville (zip 42431) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Madisonville (zip 42431) is 7.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Madisonville (zip 42431)
- The average income of a Madisonville (zip 42431) resident is $25,204 a year. The US average is $37,638 a year.
- The Median household income of a Madisonville (zip 42431) resident is $48,388 a year. The US average is $69,021 a year.