Cost of Living in Lexington, KY
Lexington has a cost of living index of 93 (100 = national average), making it more affordable than the national average. The median household income is $57,612 and the median home price is $275,000.
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Lexington at a Glance
Population
322,570
Cost of Living Index
93
Median Income
$57,612
Median Home Price
$275,000
Property Tax Rate
0.85%
Sales Tax Rate
6.00%
Rent Index
85
State
Kentucky
Living in Lexington
Lexington offers a cost of living below the national average, making it an attractive option for those looking to stretch their dollar further. The median home price of $275,000 is well within reach for many families.
The combined sales tax rate in Lexington is 6.00%, and the effective property tax rate is 0.85%. Property taxes are close to the national average.