Housing costs in Lexington-Fayette?
A typical home costs
$265,500, which is 21.5% less expensive than the national average of
$338,100 and 36.6% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Lexington-Fayette costs
$1,010 per month, which is 9.8% more than the national average of
$920 and 2.0% cheaper than the state average of
$1,030.
Can I afford Lexington-Fayette?
To live comfortably in Lexington-Fayette (zip 40511), Kentucky, a minimum annual income of
$50,760 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Lexington-Fayette?
The cost of living in 40511 Lexington-Fayette, KY is relatively affordable compared to many other cities. The median home price is $221,000 and the median household income is $57,170. Groceries, utilities, transportation and health care costs are all close to the national average. The overall cost of living is 8% lower than the national average, so residents can enjoy more for their money. Rent prices tend to be a bit higher than other areas of Kentucky, but they’re still quite affordable when compared to similar cities across the country. Overall, 40511 Lexington-Fayette offers an excellent quality of life at a relatively low cost of living.