Fayette County · Kentucky · South · 324k residents
Lexington, KY: economy, jobs & business costs
The site-selection read on Lexington: labor costs, talent, corporate tax, energy, and business activity, with the Kentucky median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,282/wk. Kentucky's corporate income tax rate is 5%. Commercial electricity averages 11.5¢/kWh.
Compare Lexington side by side
Avg. weekly wage
$1,282/wk
Corporate income tax
5%
Bachelor's degree or higher
48.3%
Commercial electricity
11.5¢/kWh
Economic momentum
How fast Lexington's economy is moving, ranked against the US cities we track.
78/100
Heating
Ranks Lexington's jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $293,500 |
| Price per sq. ft. | $140 |
| Property tax rate | 0.83% |
| 1-bedroom rent | $959/mo |
| 2-bedroom rent | $1,178/mo |
| State & local income tax | 5.95% |
| Sales tax | 6% |
| Corporate income tax | 5% |
| Avg. weekly wage | $1,282/wk |
| Bachelor's degree or higher | 48.3% |
| Commercial electricity | 11.5¢/kWh |
| Businesses per 1k residents | 46.7/1k |
| Wage: Software developer | $123,510 |
| Wage: Registered nurse | $79,040 |
| Wage: General manager | $80,440 |
| Wage: Customer service | $39,160 |
| Wage: Warehouse worker | $37,080 |
| Wage: Heavy truck driver | $56,950 |
| Wage: Electrician | $57,320 |
| Wage: Retail salesperson | $30,100 |
| Cost of living index | 87 |
| Groceries index | 95 |
| Utilities | $160/mo |
| Transit pass | $50/mo |
| Gas price | $3.05/gal |
| Healthcare index | 93 |
| Childcare (per child) | $850/mo |
| Median household income | $69,479 |
| Unemployment rate | 4.3% |
| Population | 324k |
| Crime index | 45/100 |
| School rating | 5.2/10 |
| Walkability | 42/100 |
| Disaster risk | 92/100 |
| Avg. commute | 24 min |
| Sunny days / year | 190 days |
| July high | 87°F |
| January low | 25°F |
| Annual snowfall | 15 in |
| Home price YoY | +2.7% |
| Home price MoM | +0.1% |
| Rent YoY | +3.7% |
| Rent MoM | +0.1% |
| Employment (jobs) YoY | +1.2% |
| Building permits YoY | — |
| Ocean coast | 433 mi |
| Big lake | 82 mi |
| Mountains | 178 mi |
| Major airport | 7 mi |
| Ski resort | 82 mi |
Popular comparisons
Nearby
- Nicholasville, KY · 32k
- Georgetown, KY · 39k
- Winchester, KY · 19k
- Richmond, KY · 37k
- Frankfort, KY · 29k
Similar size
- Bowling Green, KY · 75k
- Owensboro, KY · 60k
- Covington, KY · 41k
- Florence, KY · 33k
- Elizabethtown, KY · 33k
Real listings in Lexington
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Lexington a good place to run a business?
- Kentucky's corporate income tax rate is 5%; average weekly wages in the surrounding labor market run $1,282/wk; commercial electricity averages 11.5¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Lexington, KY?
- Lexington indexes at 87 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,178/mo and a acs median home value of $293,500.
- How much does a house cost in Lexington?
- The acs median home value in Lexington is $293,500 (Census ACS estimate; individual listings vary).
- How much is rent in Lexington?
- A two-bedroom in Lexington rents for about $1,178/mo.