Lexington-Fayette, KY (40517) is an excellent place to find affordable living with two bedroom rent averaging at $1,110 per month. This is significantly lower than the US average of $1,430. Grocery costs are also more affordable in Lexington-Fayette with a Grocery Cost Index of 95 compared to 100 in the US.
Living in Lexington-Fayette comes with many perks as there are plenty of major local businesses which offer opportunities such as Fidelity Investments, Lexmark International Inc., and Alltech Inc. These businesses can provide employment that offers competitive salaries and benefits packages that make living in the area a great choice for those looking for career advancement.
Lexington-Fayette (zip 40517) has an unemployment rate of 4.3%. The US average is 6.0%.
Lexington-Fayette (zip 40517) 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 40517)
- The Sales Tax Rate for Lexington-Fayette (zip 40517) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lexington-Fayette (zip 40517) 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 40517)
- The average income of a Lexington-Fayette (zip 40517) resident is $22,575 a year. The US average is $28,555 a year.
- The Median household income of a Lexington-Fayette (zip 40517) resident is $46,716 a year. The US average is $69,021 a year.