Lexington, OH is a great place to live for those looking for an affordable cost of living. The average two bedroom rent in Lexington is $850 compared to the US average of $1,430. Additionally, the Grocery Cost Index is 97 as opposed to 100 in the US. This makes Lexington an attractive option for those looking for a vibrant city with quality jobs and a low cost of living. Local companies include LexTech Labs, a software development shop; Silver Three Design Group, a digital strategy and design agency; and The Little Apple Brewing Company, a popular craft brewery. With its variety of job opportunities, excellent food scene, and affordable housing costs, there is something here for everyone in Lexington.
Lexington has an unemployment rate of 5.0%. The US average is 6.0%.
Lexington has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 22.8%, 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 4.5%. 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 $24,687 a year. The US average is $28,555 a year.
- The Median household income of a Lexington resident is $57,802 a year. The US average is $69,021 a year.