The city of 40503 Lexington-Fayette, KY is a vibrant and diverse community with an array of offerings. The 2 bedroom rent in this area is $1,170, which is significantly less than the US average rent of $1,430 for the same type of housing. When it comes to groceries, the cost index in 40503 Lexington-Fayette, KY is 99 versus 100 in the US. Therefore, food items are cheaper than most places in the country. Local companies such as JTC Trucking Company, U.S. Bank Home Mortgage Division and Verizon Wireless will provide you with jobs that are competitively paid while still being able to enjoy a lower cost of living compared to other cities.
Lexington-Fayette (zip 40503) has an unemployment rate of 4.3%. The US average is 6.0%.
Lexington-Fayette (zip 40503) has seen the job market decrease by -4.5% 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 Lexington-Fayette (zip 40503)
- The Sales Tax Rate for Lexington-Fayette (zip 40503) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lexington-Fayette (zip 40503) 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 (zip 40503)
- The average income of a Lexington-Fayette (zip 40503) resident is $38,549 a year. The US average is $37,638 a year.
- The Median household income of a Lexington-Fayette (zip 40503) resident is $67,269 a year. The US average is $69,021 a year.