Lexa, AR is a small town located in Arkansas with a population of around 1,000 people. It is known for its vibrant culture and tight-knit community. The rent for 2 bedroom apartments in Lexa is considerably cheaper than the US average, at $590 compared to $1,430 respectively. Similarly, groceries are slightly more affordable with an index of 91 versus 100 in the US. Lexa boasts many local businesses like Lexa Diner which serves classic American cuisine and Brown's Auto Repair which provides quality car repair services. With its low rents and lower grocery costs, Lexa offers a great cost of living for those looking to save some money while still enjoying life in a charming town.
Lexa has an unemployment rate of 8.4%. The US average is 6.0%.
Lexa has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 8.7%, which is lower than the US average of 33.5%.
Tax Rates for Lexa
- The Sales Tax Rate for Lexa is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Lexa is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lexa
- The average income of a Lexa resident is $14,099 a year. The US average is $28,555 a year.
- The Median household income of a Lexa resident is $40,972 a year. The US average is $69,021 a year.