40514 Lexington-Fayette, KY is a great place to live due to its affordability and access to numerous local attractions. The two bedroom rent in this area is $1,420 compared to the US average of $1,430. Grocery cost index is also lower than the national average at 99 versus 100 in the US.
The city of Lexington-Fayette is home to many corporate offices such as Valvoline and Amazon, along with several tourist attractions like the Kentucky Horse Park, American Saddlebred Museum, and Red Mile Racing. There's plenty of shopping options including Fayette Mall and Turfland Shopping Center, plus lots of restaurants from uptown cafes to classic dives. Whether you're here for work or play, this city has something for everyone.
Lexington-Fayette (zip 40514) has an unemployment rate of 4.3%. The US average is 6.0%.
Lexington-Fayette (zip 40514) 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 40514)
- The Sales Tax Rate for Lexington-Fayette (zip 40514) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lexington-Fayette (zip 40514) 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 40514)
- The average income of a Lexington-Fayette (zip 40514) resident is $40,419 a year. The US average is $37,638 a year.
- The Median household income of a Lexington-Fayette (zip 40514) resident is $87,271 a year. The US average is $69,021 a year.