Housing costs in Lexington?
A typical home costs
$298,600, which is 11.7% less expensive than the national average of
$338,100 and 13.0% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Lexington costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 45.8% cheaper than the state average of
$1,400.
Can I afford Lexington?
To live comfortably in Lexington (zip 24450), Virginia, a minimum annual income of
$57,240 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Lexington?
The cost of living in 24450 Lexington, VA is fairly typical for much of the country. Groceries, housing, and transportation are all comparable to national averages. With a median home value of $322,000, the cost of homeownership is slightly more than the US average but still quite livable. The median household income in 24450 Lexington, VA is $51,918 which gives residents some economic stability and purchasing power. Overall, this area has an affordable cost of living that makes it an attractive place to live.