Housing costs in Lexington?
A typical home costs
$264,300, which is 21.8% less expensive than the national average of
$338,100 and 1.7% more expensive than the average South Carolina home, at
$259,900. Renting a two-bedroom unit in Lexington costs
$1,340 per month, which is 6.3% cheaper than the national average of
$1,430 and 17.2% more than the state average of
$1,110.
Can I afford Lexington?
To live comfortably in Lexington, South Carolina, a minimum annual income of
$50,760 for a family, and
$47,600 for a single person is recommended.
What does A.I. say about Lexington?
Lexington, SC is an affordable place to live. The cost of living is lower than the US average and several economic studies have found that Lexington has a cost of living well below the national average. In fact, it’s approximately 19 percent lower than the rest of the United States. Housing prices are very reasonable in Lexington, with median home values averaging around $154,200. Renters can expect to pay approximately $918 for a two-bedroom apartment, making this an ideal location for people looking to save money on their housing costs. Other indicators such as food prices and transportation costs are also quite low compared to other cities across the nation, making Lexington an affordable place to live.