The small town of Lexington, Oklahoma (zip code 73051) is a great place to live for those seeking an affordable lifestyle. The average two-bedroom rent in Lexington is $830, which is significantly lower than the national average of $1,430. Not only are housing costs lower in Lexington but grocery costs are also more affordable when compared to the US Grocery Cost Index. In Lexington, the Grocery Cost Index is 93 while the US index is 100.
Lexington offers many employment opportunities such as First United Bank & Trust Co., Heartland Credit Union, Bank of Kremlin and WES-TECH Electric Supply. Numerous local businesses contribute to the economy including Farmer’s Feed Store, The Red Rooster Cafe & Gifts and The Painted Horse Boutique & Gifts. With a relatively low cost of living combined with plenty of employment opportunities in town, one can easily find a great balance between work and play in Lexington.
Lexington (zip 73051) has an unemployment rate of 3.6%. The US average is 6.0%.
Lexington (zip 73051) has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Lexington (zip 73051)
- The Sales Tax Rate for Lexington (zip 73051) is 4.8%. The US average is 7.3%.
- The Income Tax Rate for Lexington (zip 73051) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lexington (zip 73051)
- The average income of a Lexington (zip 73051) resident is $23,241 a year. The US average is $37,638 a year.
- The Median household income of a Lexington (zip 73051) resident is $56,398 a year. The US average is $69,021 a year.