40504 Lexington-Fayette, KY is a great area to live in for those looking for more affordability in their living. The average 2 bedroom rent in the area is $930 compared to the national average of $1,430. In addition, the Grocery Cost Index of 96 shows that groceries are cheaper than the US average of 100. This makes 40504 Lexington-Fayette, KY an ideal location for people looking to save some money while still enjoying city life. Companies like Alcott Apartments and Renaissance at South Broadway offer reasonably priced two bedroom apartments ranging from $850-$950 per month. Local stores such as Kroger and Hy-Vee offer competitive prices on grocery items, making it easy to keep costs low while living here.
Lexington-Fayette (zip 40504) has an unemployment rate of 4.3%. The US average is 6.0%.
Lexington-Fayette (zip 40504) 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 40504)
- The Sales Tax Rate for Lexington-Fayette (zip 40504) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lexington-Fayette (zip 40504) 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 40504)
- The average income of a Lexington-Fayette (zip 40504) resident is $26,156 a year. The US average is $37,638 a year.
- The Median household income of a Lexington-Fayette (zip 40504) resident is $39,257 a year. The US average is $69,021 a year.