Lexington, NC is a great place to live with affordable rent and low cost of living. The average 2 bedroom rent in Lexington is $850 compared to the national average of $1,430. The cost of groceries in Lexington is also significantly lower than the rest of the nation at 95 compared to 100.
Lexington has plenty of local businesses and attractions for visitors and residents alike. Among them are Thirsty's Oasis Sports Bar & Grill, Big Mike's BBQ & Southern Cooking, and Waffle House for delicious food options. You can find outdoor activities at the Uwharrie National Forest or even go shopping at local stores like Walmart or Dollar General. There are also historic museums like the Lexington History Museum which provides exhibits on local history.
Lexington has an unemployment rate of 4.4%. The US average is 6.0%.
Lexington has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Lexington
- The Sales Tax Rate for Lexington is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lexington is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lexington
- The average income of a Lexington resident is $16,215 a year. The US average is $28,555 a year.
- The Median household income of a Lexington resident is $32,698 a year. The US average is $69,021 a year.