27295 Lexington, NC is a great location for those looking for affordability in housing and grocery costs. The average rent of a two-bedroom unit in the area is $790, much lower than the national average of $1,430. Likewise, the local grocery cost index is 95 versus 100 in the US. This makes 27295 Lexington an attractive option for anyone looking to make their dollar stretch further.
Those living in 27295 Lexington have access to plenty of amenities such as local restaurants like Bare Roots Kitchen & Taproom and Mike's Barbecue & Grill. There are also stores such as Walmart Supercenter and Lowes Foods located nearby. Those looking to enjoy some outdoor activities can take advantage of sites like High Rock Lake or visit downtown Lexington where they can find entertainment options such as movie theaters and bowling alleys.
Lexington (zip 27295) has an unemployment rate of 4.4%. The US average is 6.0%.
Lexington (zip 27295) has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Lexington (zip 27295)
- The Sales Tax Rate for Lexington (zip 27295) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lexington (zip 27295) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lexington (zip 27295)
- The average income of a Lexington (zip 27295) resident is $28,142 a year. The US average is $37,638 a year.
- The Median household income of a Lexington (zip 27295) resident is $51,778 a year. The US average is $69,021 a year.