Housing costs in Lexington?
A typical home costs
$178,700, which is 47.1% less expensive than the national average of
$338,100 and 16.5% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Lexington costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 30.6% cheaper than the state average of
$940.
Can I afford Lexington?
To live comfortably in Lexington, Alabama, a minimum annual income of
$34,200 for a family, and
$22,000 for a single person is recommended.
What does A.I. say about Lexington?
The cost of living in Lexington, AL is relatively low compared to other areas in the country. According to Sperling’s Best Places, the overall cost of living index for Lexington is 81.9, which is 19.1 points lower than the national average. This means that basic necessities such as food, housing, transportation and healthcare are considerably more affordable in this area than elsewhere. Furthermore, housing costs are particularly affordable with median home values hovering just around $137,400 and monthly rent for a three-bedroom apartment averaging about $850 per month. All in all, Lexington offers an attractive cost of living that makes it a great place to live and work.