Lexington, Texas (78947) is a small town with a population of just under 1,000 people. The cost of living in Lexington is quite affordable. The rent for a two-bedroom apartment averages around $1,110, which is significantly lower than the national average of $1430. Additionally, the grocery cost index in Lexington is 91 compared to the US average of 100 – making it even more attractive to those looking to save money on their living expenses.
Lexington has plenty of local companies that offer goods and services to its residents. Companies like Lone Star Saloon & Grill provide entertainment and food while Hudspeth Funeral Home provides funerary services. Other popular businesses include Slick Pig BBQ, Brown’s Pharmacy, and Lexington Feed & Supply. With its low cost of living and variety of local businesses, Lexington is an ideal place for anyone looking for an affordable small town lifestyle.
Lexington (zip 78947) has an unemployment rate of 5.3%. The US average is 6.0%.
Lexington (zip 78947) has seen the job market decrease by -11.7% over the last year. Future job growth over the next ten years is predicted to be 33.9%, which is higher than the US average of 33.5%.
Tax Rates for Lexington (zip 78947)
- The Sales Tax Rate for Lexington (zip 78947) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Lexington (zip 78947) 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 78947)
- The average income of a Lexington (zip 78947) resident is $33,765 a year. The US average is $37,638 a year.
- The Median household income of a Lexington (zip 78947) resident is $70,438 a year. The US average is $69,021 a year.