Lexington, SC is a great place to live with inviting locals, plenty of shopping options, and affordable rent. The average two bedroom rent in Lexington is $1,340, much lower than the national average of $1,430. When it comes to grocery costs, Lexington has a lower cost index of 100 versus the 100 in the US. This can be attributed to many local companies that are based in Lexington such as Lowes Foods, Publix Supermarkets Inc., and Bi-Lo Holdings LLC. These businesses provide the communities with competitive pricing and quality products. Additionally, many other smaller local businesses are integral parts of the local economy as well by providing services to their neighbors.
Lexington has an unemployment rate of 3.7%. The US average is 6.0%.
Lexington has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 31.2%, which is lower 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 7.0%. 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 $30,352 a year. The US average is $28,555 a year.
- The Median household income of a Lexington resident is $73,785 a year. The US average is $69,021 a year.