Lexington, TX is a small and affordable town located in Northeast Texas. The average two-bedroom rental costs $1,110 per month which is significantly lower than the US average of $1,430. Additionally, groceries are relatively inexpensive with a Grocery Cost Index of 91 compared to the national average of 100. Several major companies have stores in Lexington including Walmart, Lowe’s Home Improvement, CVS Pharmacy and Taco Bell. With its affordable cost of living and access to essential services, Lexington is an ideal place for families looking for a safe and friendly atmosphere in which to call home.
Lexington has an unemployment rate of 5.3%. The US average is 6.0%.
Lexington has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 33.9%, which is higher than the US average of 33.5%.
Tax Rates for Lexington
- The Sales Tax Rate for Lexington is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Lexington is 0.0%. 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 $18,177 a year. The US average is $28,555 a year.
- The Median household income of a Lexington resident is $55,817 a year. The US average is $69,021 a year.