Housing costs in Lexington-Fayette?
A typical home costs
$492,300, which is 45.6% more expensive than the national average of
$338,100 and 153.4% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Lexington-Fayette costs
$1,340 per month, which is 45.7% more than the national average of
$920 and 23.1% more than the state average of
$1,030.
Can I afford Lexington-Fayette?
To live comfortably in Lexington-Fayette (zip 40513), Kentucky, a minimum annual income of
$94,320 for a family, and
$44,000 for a single person is recommended.
What does A.I. say about Lexington-Fayette?
The cost of living in 40513 Lexington-Fayette, KY is slightly higher than the national average. The median home value is $220,600, which is 18% higher than the US average. Renters pay an average of $1,092 per month for a one bedroom apartment, which is 11% higher than the national median. Additionally, groceries and healthcare costs are 7% and 10% higher respectively compared to the national averages. Despite these higher costs, essential services like electricity and gas are generally cheaper than the US average.