Midway, KY is a small city in Woodford County, Kentucky. It offers a low cost of living compared to the national average with an average two-bedroom rent of $1,000 and a grocery cost index of 99 versus 100 in the US. The area also offers plenty of local amenities for its residents including Bob Allen Motor Mall car dealership, Fords Furniture & Flooring, and Midway Dental Care. Additionally, there are several local parks and recreational facilities offering numerous recreational activities such as hiking, biking and camping. Overall Midway is a great place to live for anyone looking for a quiet community with easy access to nearby cities like Lexington and Louisville.
Midway has an unemployment rate of 3.8%. The US average is 6.0%.
Midway has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 35.3%, which is higher than the US average of 33.5%.
Tax Rates for Midway
- The Sales Tax Rate for Midway is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Midway is 9.3%. The US average is 4.6%.
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Income and Salaries for Midway
- The average income of a Midway resident is $35,165 a year. The US average is $37,638 a year.
- The Median household income of a Midway resident is $69,464 a year. The US average is $69,021 a year.