Housing costs in Lexington-Fayette?
A typical home costs
$611,400, which is 80.8% more expensive than the national average of
$338,100 and 214.7% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Lexington-Fayette costs
$1,060 per month, which is 15.2% more than the national average of
$920 and 2.8% more than the state average of
$1,030.
Can I afford Lexington-Fayette?
To live comfortably in Lexington-Fayette (zip 40510), Kentucky, a minimum annual income of
$117,000 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Lexington-Fayette?
The cost of living in 40510 Lexington-Fayette, KY is relatively high compared to the national average. The median home cost is roughly $204,600 and rental costs are around $1,150 per month. The overall cost of goods and services is 11% higher than the national average. Transportation expenses are slightly lower with the estimated monthly cost for public transportation coming in at around $50 per month. Food costs are also a bit higher than the national average with groceries running about 9% more expensive than other parts of the country. Taxes and health care costs are also quite high in this area. Overall, living in 40510 Lexington-Fayette, KY may be costly but its great quality of life makes it worth the money spent.