Jobs in Lexington, Kentucky, United States
Jobs in Lexington: Working in the “Horse Capital of the World”
Lexington, Kentucky is the 61st biggest city in the US and the 2nd biggest city in the state of Kentucky, with a population of more than 314,000 people. This city is the heart of Kentucky’s Bluegrass region and is known to most as the “Horse Capital of the World.”
Many visit Lexington for its Red Mile and Keeneland race courses, Kentucky Horse Park, Rupp Arena (the world’s biggest basketball arena), the University of Kentucky, Transylvania University, and Bluegrass Community & Technical College.
Nevertheless, since Lexington is 10th in US cities for those who are college educated (39.5% of its residents have a bachelor’s degree, at least), the city is one of the country’s more stable economies.
An Established Economy
Lexington’s economy is made strong by its technology, manufacturing, and entrepreneurial sectors, alongside its differentiated and balanced business base. This is evident in Lexington’s ranking as 4th-best city in Forbes’ Business and Careers in 2011; 5th-best city in Forbes’ Young Professionals in 2008; and 6th-best city in Kiplinger’s Value Cities in 2011.
Sizable Companies in Lexington
Lexington houses many sizable companies. Much employment has been created by the Fortune 500 companies in the city. Particularly, Xerox employs 3,000 workers; Lexmark International, 2,800; Lockheed-Martin, 1,705; and IBM, 552. Other companies with operations in Lexington are Lexmark International (manufactures enterprise software and printers), Link-Belt Construction Equipment (designs and manufactures lattice and telescopic boom cranes), Tempur Sealy International (manufactures mattresses); Big Ass Solutions (creates large lighting fixtures and ceiling fans), and Florida Tile (manufactures ceramic and porcelain tiles). Fun fact: the peanut butter plant of Jif in Lexington produces the most peanut butter anywhere in the world!
Although the unemployment rate in Lexington is 3.9%, much lower than the national average of 5.2% (meaning you are most likely to get a job in Lexington), it’s recent job growth has slowed down to -0.80%, especially compared to the US average of 1.59%. Nevertheless, the sales tax of Lexington is the same as the national average—6%; indicating that you do not need to pay more (nor do you need to pay less) than the US average. However, income taxes are much higher in Lexington (8.55%) than the national average of 4.60%. This means that you get to take home less of your pay.
Working in Lexington can be fulfilling—from its big companies to its fun tourist sites. But you have to weigh this with some factors such as low job growth and high income taxes—think about it!
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