Lexington, AL is a small town located in southern Alabama. It offers affordable housing costs with the average 2 bedroom rent being around $720 per month. Grocery costs are also quite reasonable, with an index of 94 compared to 100 for the US as a whole.
Lexington offers numerous job opportunities from local companies such as Holley Performance Products, Carcoustics International LLC and Blalock Machine & Tool Company Inc. The median household income in Lexington is $37,417 which is slightly lower than the national median household income of $61,937.
Lexington has an unemployment rate of 2.8%. The US average is 6.0%.
Lexington has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Lexington
- The Sales Tax Rate for Lexington is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Lexington is 5.0%. 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 $22,106 a year. The US average is $37,638 a year.
- The Median household income of a Lexington resident is $58,304 a year. The US average is $69,021 a year.