Pay and cost of living in Fayette County, KY
Fayette County, KY is part of the Lexington-Fayette, KY labor market, and this page summarizes 3 occupations with published wages there. The median of their median salaries is $79,040 a year. The best-paid occupation listed is General and Operations Managers at $80,440, and the lowest is Miscellaneous Assemblers and Fabricators at $59,730.
A one-bedroom apartment in Fayette County, KY has a HUD Fair Market Rent of $1,205 a month and a two-bedroom $1,416. Rent, food, home energy and gasoline for one adult add up to $21,240 a year. After federal, FICA and state income taxes, the average occupation here takes home $57,014 a year, and every one of the 3 occupations listed here earns enough take-home pay to cover the four basics.
Each occupation links to a detailed page with gross pay, take-home pay, rent, food and energy costs, and the monthly budget margin. All pages share one method, which makes it easy to compare jobs inside Fayette County, KY or against other counties.
Housing, taxes and commute in Fayette County, KY
The figures below are exact U.S. Census Bureau American Community Survey 2020-2024 5-year estimates for Fayette County, KY, set beside the Kentucky and national medians.
Median household income in Fayette County, KY is $69,479, 9% above the Kentucky median of $63,726 and $80,734 nationally. A year of one-bedroom Fair Market Rent ($14,460) equals 20.8% of that income. The median of the occupation medians listed here, $79,040, is 14% above household income, which is expected because a household can hold more than one earner.
Homeowners in Fayette County, KY pay a median of $2,542 a year in real estate taxes, 65% above the Kentucky median of $1,544. With a median home value of $293,500, 43% above the Kentucky median of $205,600, the ratio of the two medians is 0.87% a year.
Renters in Fayette County, KY pay a median gross rent of $1,164 a month in the Census survey, 20% above the Kentucky median of $967. HUD's one-bedroom Fair Market Rent used for the budgets on this site is $1,205; the Census figure covers rental units of every size.
Workers in Fayette County, KY who travel to a workplace spend an average of 20.9 minutes each way, 13% below the Kentucky average of 24.0. 12.2% of workers work from home, compared with 15.1% nationally.