Housing costs in Lexington?
A typical home costs
$282,200, which is 16.5% less expensive than the national average of
$338,100 and 17.8% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Lexington costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 45.8% cheaper than the state average of
$1,400.
Can I afford Lexington?
To live comfortably in Lexington, Virginia, a minimum annual income of
$54,000 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Lexington?
Living in Lexington, VA is affordable. The cost of living is comparable to the national average, with housing coming in slightly lower than the national median. With the area's small town charm and proximity to larger cities like Roanoke and Charlottesville, residents can enjoy a low cost of living without sacrificing access to amenities such as restaurants, shopping, and entertainment. The city also offers plenty of activities for families on a budget, including free outdoor concerts in downtown Lexington during the summer months. Overall, Lexington offers an excellent quality of life at an affordable price point for individuals and families alike.