35648 Lexington, AL is a great place to live for people looking for an affordable cost of living. The average two bedroom rent in the area is only $750 whereas the US average two bedroom rent is $1,430. The Grocery Cost Index in 35648 Lexington is 94 versus the US Grocery Cost Index of 100, making it even more affordable. Additionally, there are plenty of local businesses that offer employment opportunities to residents including Hynds Construction Co., Inc., Thompson Tire & Auto Repair Co., and Mann Building Supply Co. The employment rate in 35648 Lexington is also quite impressive at 4.6%, which is lower than the US national average of 6%.
Lexington (zip 35648) has an unemployment rate of 2.8%. The US average is 6.0%.
Lexington (zip 35648) has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Lexington (zip 35648)
- The Sales Tax Rate for Lexington (zip 35648) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Lexington (zip 35648) 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 (zip 35648)
- The average income of a Lexington (zip 35648) resident is $25,708 a year. The US average is $37,638 a year.
- The Median household income of a Lexington (zip 35648) resident is $60,920 a year. The US average is $69,021 a year.