Housing costs in Lexington-Fayette?
A typical home costs
$334,100, which is 1.2% less expensive than the national average of
$338,100 and 72.0% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Lexington-Fayette costs
$1,200 per month, which is 30.4% more than the national average of
$920 and 14.2% more than the state average of
$1,030.
Can I afford Lexington-Fayette?
To live comfortably in Lexington-Fayette (zip 40509), Kentucky, a minimum annual income of
$64,080 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Lexington-Fayette?
The cost of living in 40509 Lexington-Fayette, KY is quite reasonable. Although the overall cost of living index is slightly higher than the U.S. average at 110, housing costs remain lower than the national average at 95, meaning that residents can find affordable housing options in 40509. Additionally, utility costs are on par with the national rate and transportation costs are slightly below the U.S. average at 92. Groceries here are also cheaper than the rest of the country; Lexington-Fayette residents benefit from an overall grocery index rate of 93 points compared to the 100 national benchmark. This makes living in 40509 Lexington-Fayette, KY a great option for those looking for a reasonably priced place to live.