Cost of Living in Lexington city, VA

What does it cost to live in Lexington city? Income, housing, and affordability breakdown.

Median Income

$93,651

Median Rent

$1,000/mo

Median Home

$224,700

Affordability

562

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,136
Property Tax$178
Insurance$75

Total Monthly$1,389
% of Income17.8%

Renting

Median Rent$1,000
Renter's Insurance$25

Total Monthly$1,025
% of Income12.8%

Living in Lexington city, Virginia

Lexington city has a median household income of $93,651 with housing costs that represent 17.8% of income for owners and 12.8% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 562 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Virginia

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.