Lexington, Nebraska is a small city with a population of approximately 10,000 that offers its residents a high quality of life. Lexington is home to several major employers such as Tyson Foods, the University of Nebraska at Kearney Lincoln Campus, and Lexington Regional Health Center. The cost of living in Lexington is very affordable; the average two bedroom rent in Lexington is $860 whereas the US average for two bedroom rent is $1,430. In terms of groceries, the grocery index is 94 compared to 100 in the US on average. All things considered, Lexington is an ideal location for those looking for an affordable place to live with access to good local jobs.
Lexington has an unemployment rate of 2.3%. The US average is 6.0%.
Lexington has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 23.3%, 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 6.8%. 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 $15,477 a year. The US average is $28,555 a year.
- The Median household income of a Lexington resident is $56,729 a year. The US average is $69,021 a year.