Housing costs in Lexington-Fayette?
A typical home costs
$217,900, which is 35.6% less expensive than the national average of
$338,100 and 12.1% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Lexington-Fayette costs
$930 per month, which is 1.1% more than the national average of
$920 and 10.8% cheaper than the state average of
$1,030.
Can I afford Lexington-Fayette?
To live comfortably in Lexington-Fayette (zip 40504), Kentucky, a minimum annual income of
$41,760 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Lexington-Fayette?
The cost of living in 40504 Lexington-Fayette, KY is slightly higher than the national average. The median home value in the area is $179,100, which is above the national average of $181,400. Renters can expect to pay an average of $1,044 per month for a one bedroom apartment, and an average of $1,310 per month for a two bedroom apartment. The overall cost of goods and services such as groceries, health care and transportation are all slightly higher than the national averages; however they are still within reach for most residents. Despite this slight increase in costs compared to other parts of the country, many people find that living in 40504 Lexington-Fayette is still more affordable than other metro areas in Kentucky.