Lexington-Fayette is the second-largest city in Kentucky and a great place to live. Rent for two bedrooms in this city is significantly lower than the US average, making it an affordable option for many people. Not only that, but Lexington-Fayette also boasts a low grocery cost index when compared to the national average. It's no wonder why so many residents choose this location as their home.
Lexington-Fayette is home to several companies such as Lexmark International, Fazoli's Restaurant, and Valvoline Oil Company. When it comes to attractions and landmarks, there are plenty of options; The Mary Todd Lincoln House and Historic Triangle Clifton are popular tourist spots while Keeneland Race Course and Shaker Village of Pleasant Hill provide fun entertainment for locals. With its affordability and unique culture, Lexington-Fayette is an ideal destination for anyone looking to call it home.
Lexington has an unemployment rate of 4.3%. The US average is 6.0%.
Lexington has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 37.8%, which is higher than the US average of 33.5%.
Tax Rates for Lexington
- The Sales Tax Rate for Lexington is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lexington is 8.6%. 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 $29,168 a year. The US average is $28,555 a year.
- The Median household income of a Lexington resident is $61,526 a year. The US average is $69,021 a year.