40513 Lexington-Fayette, KY is a great city that offers a plethora of activities and attractions to its residents. The average 2 bedroom rent in this area is $1,340, which is much lower than the national average of $1,430. This makes it an affordable area to live for people looking for more urban amenities. Additionally, the grocery cost index here is 105 compared to 100 in the US overall; this means groceries are only slightly more expensive here than elsewhere in the country.
There are plenty of local companies in 40513 Lexington-Fayette, KY that offer great job opportunities and attractive salaries. Some notable employers include Lexmark International, University of Kentucky Medical Center, Toyota Motor Manufacturing, Humana Inc., Fazoli's Restaurants and Hilliard Lyons Financial Services. Residents will find the cost of living here pleasantly reasonable thanks to low rental prices as well as competitive grocery costs.
Lexington-Fayette (zip 40513) has an unemployment rate of 4.3%. The US average is 6.0%.
Lexington-Fayette (zip 40513) has seen the job market increase by 1.4% 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 40513)
- The Sales Tax Rate for Lexington-Fayette (zip 40513) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lexington-Fayette (zip 40513) 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 40513)
- The average income of a Lexington-Fayette (zip 40513) resident is $52,552 a year. The US average is $28,555 a year.
- The Median household income of a Lexington-Fayette (zip 40513) resident is $116,773 a year. The US average is $69,021 a year.