Lexington, TN (38351) is an ideal place to live for those looking for a more affordable lifestyle. Rent for two-bedroom apartments is only $960 compared to the national average of $1,430. Groceries are also relatively cheaper with a grocery cost index of 93 compared to the US average of 100. The city is home to several well-known companies such as Novolex and McKee Foods Corporation which offer great job opportunities and attractive salaries to local residents. There are also plenty of attractions in Lexington, TN ranging from outdoor activities like hiking at Natchez Trace State Park to cultural attractions like Beech River Arts & Museum.
Lexington (zip 38351) has an unemployment rate of 5.2%. The US average is 6.0%.
Lexington (zip 38351) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Lexington (zip 38351)
- The Sales Tax Rate for Lexington (zip 38351) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Lexington (zip 38351) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lexington (zip 38351)
- The average income of a Lexington (zip 38351) resident is $20,352 a year. The US average is $28,555 a year.
- The Median household income of a Lexington (zip 38351) resident is $48,133 a year. The US average is $69,021 a year.