Lexington, MS is a small town located in the north eastern area of Mississippi. It is a friendly and tight-knit community with plenty to offer its residents. The cost of living in Lexington is very affordable, with rent for two bedrooms costing around $750 compared to $1,430 in the United States on average. Also, grocery costs are significantly lower than the national average at only 94 compared to the US’s 100 index. There are many local companies and businesses that provide great services and goods such as J&J Auto Parts & Repair, Wood’s Grocery Store, Country Oaks Florist & Gifts, and Midway Tire Co.. Residents enjoy visiting local attractions like Pickwick Lake State Park which offers camping, fishing, swimming and boating activities. Additionally there are numerous restaurants that serve delicious cuisine like Los Tres Amigos Mexican Restaurant or Sweet Pea's Cafe. Lexington, MS is an ideal place for anyone looking for a laid back lifestyle in a small town atmosphere.
Lexington has an unemployment rate of 12.3%. The US average is 6.0%.
Lexington has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 8.8%, 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 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 $16,377 a year. The US average is $28,555 a year.
- The Median household income of a Lexington resident is $31,150 a year. The US average is $69,021 a year.