Housing costs in Lexington?
A typical home costs
$190,600, which is 43.6% less expensive than the national average of
$338,100 and 12.8% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lexington costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 31.0% cheaper than the state average of
$1,100.
Can I afford Lexington?
To live comfortably in Lexington, Michigan, a minimum annual income of
$36,360 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Lexington?
Lexington, MI is considered to be a fairly affordable place to live. The cost of living index for the area is 90.7, which is below the national average of 100. Housing costs are comparatively lower than most other locations, with an average monthly rent of $861 and a median home value of $125,000. Grocery prices and transportation costs also remain low compared to the national averages. With numerous amenities located nearby and convenient access to major cities like Detroit, Lexington offers an ideal balance between affordability and comfortability for those looking to relocate or visit.