Fayette, KY County is a great place for families and singles alike. With an average rent of only $1,030 for a two-bedroom apartment, it is much more affordable than the national average of $1,430. Additionally, Grocery Cost Index in Fayette County is 99 compared to 100 in the US, making food prices low and making it easy to save money. There are many companies located in Fayette County such as Amazon, Walmart, and UPS. There are also several popular events held throughout the year such as The Lexington Pride Festival and The Bourbon Chase Relay Race. No matter what you're looking for there's something to do in this vibrant community.
Fayette County has an unemployment rate of 4.3%. The US average is 6.0%.
Fayette County 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 Fayette County
- The Sales Tax Rate for Fayette County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fayette County is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fayette County
- The average income of a Fayette County resident is $29,168 a year. The US average is $28,555 a year.
- The Median household income of a Fayette County resident is $61,526 a year. The US average is $69,021 a year.