Housing costs in Lexington-Fayette?
A typical home costs
$310,400, which is 8.2% less expensive than the national average of
$338,100 and 59.8% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Lexington-Fayette costs
$950 per month, which is 3.3% more than the national average of
$920 and 8.4% cheaper than the state average of
$1,030.
Can I afford Lexington-Fayette?
To live comfortably in Lexington-Fayette (zip 40507), Kentucky, a minimum annual income of
$59,400 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Lexington-Fayette?
The cost of living in 40507 Lexington-Fayette, KY is relatively low compared to many other areas of the country. According to BestPlaces.net, the cost of living index in this area is 82.2, which is well below the national average of 100. This means that housing costs, utilities, groceries, and transportation are all less expensive than the rest of the country. In addition to its lower cost of living, 40507 Lexington-Fayette also offers plenty of amenities such as shopping centers, entertainment venues, and dining options for all budgets. All in all, it's an affordable place to live with plenty of opportunity for people looking for a comfortable lifestyle at a reasonable price.