Crossgate, KY is a small town known for its affordable housing and cost of living. The average rent for a two bedroom apartment in Crossgate is $1,290, significantly lower than the national average of $1,430. This makes Crossgate an ideal place to live for those looking to save money on rent. In addition to low housing costs, Crossgate has a grocery cost index of 101 compared to the US average of 100, making food more affordable as well. There are many local companies operating in Crossgate such as Smith and Company Real Estate, Johnson's Home Improvement Store, and Smith Auto Repair. The overall cost of living in Crossgate is quite low compared to many other cities and towns across the country, making it an attractive option for those looking to save money on their expenses.
Crossgate has an unemployment rate of 5.0%. The US average is 6.0%.
Crossgate has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 38.3%, which is higher than the US average of 33.5%.
Tax Rates for Crossgate
- The Sales Tax Rate for Crossgate is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Crossgate is 5.8%. The US average is 4.6%.
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Income and Salaries for Crossgate
- The average income of a Crossgate resident is $51,092 a year. The US average is $37,638 a year.
- The Median household income of a Crossgate resident is $120,893 a year. The US average is $69,021 a year.