Living in 40505 Lexington-Fayette, Kentucky has many benefits. Not only is the rent for 2 bedrooms significantly lower than the national average at $980 versus $1,430, but the Grocery Cost Index is also relatively low at 94 compared to 100 in the US. This makes it ideal for those looking to save money without sacrificing quality amenities. 40505 Lexington-Fayette offers a variety of local businesses to take advantage of such as Walmart Supercenter, Kroger, and Lowe's Home Improvement. With rents that are so affordable and a thriving local economy centered around retail businesses, 40505 Lexington-Fayette should be at the top of your list for potential places to live. Contact your real estate agent today to learn more about this area and explore all it has to offer!
Lexington-Fayette (zip 40505) has an unemployment rate of 4.3%. The US average is 6.0%.
Lexington-Fayette (zip 40505) 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 40505)
- The Sales Tax Rate for Lexington-Fayette (zip 40505) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lexington-Fayette (zip 40505) 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 40505)
- The average income of a Lexington-Fayette (zip 40505) resident is $26,154 a year. The US average is $37,638 a year.
- The Median household income of a Lexington-Fayette (zip 40505) resident is $48,784 a year. The US average is $69,021 a year.