The Lexington-Fayette, KY Metro Area is an affordable place to live with the average 2 bedroom rent being $1,030 compared to the US average of $1,430. Additionally, grocery costs are less expensive in this area with a cost index of 98 versus the US average of 100. The area is home to multiple local companies including Amazon, UPS, Frito-Lay, Valvoline and Lexmark International. It also has a thriving entrepreneurial scene and several successful start-ups such as Limestone Technologies and Tuft & Needle. With its low cost of living and diverse job market, the Lexington-Fayette Metro Area is a great place to call home.
Lexington-Fayette Metro Area has an unemployment rate of 4.3%. The US average is 6.0%.
Lexington-Fayette Metro Area has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.
Tax Rates for Lexington-Fayette Metro Area
- The Sales Tax Rate for Lexington-Fayette Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lexington-Fayette Metro Area is 8.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lexington-Fayette Metro Area
- The average income of a Lexington-Fayette Metro Area resident is $36,123 a year. The US average is $37,638 a year.
- The Median household income of a Lexington-Fayette Metro Area resident is $63,360 a year. The US average is $69,021 a year.