40507 Lexington-Fayette, KY is a popular area with plenty of things to do. The 2 bedroom rent in this area is $950, lower than the US average of $1,430 which makes it easier for people looking for an affordable option. It also has a Grocery Cost Index of 101 compared to 100 in the US, indicating that grocery costs are slightly higher than average in this area. Companies like Lexmark International and Tempur Sealy International are located here as well as many shopping centers and restaurants. Popular tourist attractions include The Kentucky Horse Park, the University of Kentucky’s Museum of Art and Aviation Museum of Kentucky. Another interesting place to visit in 40507 Lexington-Fayette, KY is Mary Todd Lincoln House, a historic home belonging to President Abraham Lincoln's wife.
Lexington-Fayette (zip 40507) has an unemployment rate of 4.3%. The US average is 6.0%.
Lexington-Fayette (zip 40507) 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 40507)
- The Sales Tax Rate for Lexington-Fayette (zip 40507) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lexington-Fayette (zip 40507) 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 40507)
- The average income of a Lexington-Fayette (zip 40507) resident is $58,083 a year. The US average is $37,638 a year.
- The Median household income of a Lexington-Fayette (zip 40507) resident is $35,104 a year. The US average is $69,021 a year.