Housing costs in Lexington?
A typical home costs
$1,352,600, which is 300.1% more expensive than the national average of
$338,100 and 142.7% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Lexington costs
$3,950 per month, which is 176.2% more than the national average of
$1,430 and 45.8% more than the state average of
$2,140.
Can I afford Lexington?
To live comfortably in Lexington (zip 02421), Massachusetts, a minimum annual income of
$259,200 for a family, and
$130,400 for a single person is recommended.
What does A.I. say about Lexington?
The cost of living in 02421 Lexington, MA is quite high compared to other parts of the country. According to the Cost of Living Index, the cost of basic goods and services in this area is nearly 50% higher than the national average. Housing prices are especially high, with median home values hovering around $800,000. Transportation expenses are also typically above the national average due to its location near Boston. However, there are a few ways to minimize costs such as taking advantage of public transportation or finding more affordable housing options outside of city limits. Despite the higher prices, many people find it worth it because this area offers a safe community and excellent education system.