24450 Lexington, VA is a great area to consider if you're searching for an affordable place to live. The average 2 bedroom rent in this area is around $960 whereas the US average 2 bedroom rent is $1,430. This makes Lexington, VA a cost-effective option for renters looking for a great place to call home. The grocery cost index in the area is 100 which is the same as the US average cost index. There are many local companies in the Lexington, VA area offering services such as retail stores, restaurants, banks, and plumbing services. Some of these businesses include D & J Plumbing Services, The Bank of Virginia, and Lees Food Mart.
Lexington (zip 24450) has an unemployment rate of 6.5%. The US average is 6.0%.
Lexington (zip 24450) has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Lexington (zip 24450)
- The Sales Tax Rate for Lexington (zip 24450) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Lexington (zip 24450) is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lexington (zip 24450)
- The average income of a Lexington (zip 24450) resident is $23,806 a year. The US average is $28,555 a year.
- The Median household income of a Lexington (zip 24450) resident is $67,423 a year. The US average is $69,021 a year.