Lexington, OK is a small town located in Oklahoma's Cleveland County. It has a population of approximately 2,000 people. The cost of living is generally lower than the United States average. For example, one bedroom rent in Lexington is $860 compared to the national average of $1,430 for a two-bedroom rental. Additionally, the grocery cost index in Lexington is 93 versus 100 in the US. This means that groceries are cheaper to purchase in this area.
The local economy in Lexington features several companies such as an auto parts store, a pharmacy, multiple restaurants, and several banks. Some other businesses present within this town include a hardware store, flower shop, and repair shop. Therefore, if you are looking for an affordable place to live with many modern amenities then Lexington may be the right fit for you.
Lexington has an unemployment rate of 3.6%. The US average is 6.0%.
Lexington has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Lexington
- The Sales Tax Rate for Lexington is 8.8%. 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 $22,152 a year. The US average is $37,638 a year.
- The Median household income of a Lexington resident is $45,363 a year. The US average is $69,021 a year.