Housing costs in Lexington-Fayette?
A typical home costs
$436,000, which is 29.0% more expensive than the national average of
$338,100 and 124.4% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Lexington-Fayette costs
$1,220 per month, which is 32.6% more than the national average of
$920 and 15.6% more than the state average of
$1,030.
Can I afford Lexington-Fayette?
To live comfortably in Lexington-Fayette (zip 40502), Kentucky, a minimum annual income of
$83,520 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Lexington-Fayette?
The cost of living in 40502 Lexington-Fayette, KY is quite reasonable. According to the BestPlaces Cost of Living Index, the city has an overall index score of 89.2 out of 100, with housing being one of the most affordable categories with a score of 87.3. Prices for groceries, health care, and transportation are all slightly above the national average, but are still considered very reasonable compared to other cities around the country. The median home price in Lexington-Fayette is $202,500 and average rent for a one bedroom apartment is $890 per month, making it an attractive option for those looking for an affordable place to live.