Lexington, MA Cost Of Living
Cost Of Living In Lexington, MA Summary
Cost of living in Lexington research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lexington is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Massachusetts, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Lexington is 211, with 100 being the average.
The cost of living index in Lexington is 2.1x higher than the national average.
Lexington ranks as the #108 cheapest in Massachusetts out of 112.
Lexington ranks as the #6,358 cheapest out of 6,489 in the US.
The median home value in Lexington is $1,561,211.
The median income in Lexington is $219,402.
Table Of Contents
Lexington's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lexington, MA?
According to the most recent data on the cost of living, Lexington has an overall cost of living index of 211, which is 2.1x higher than the national index of 100.
Compared to Massachusetts, Lexington has a cost of living index that's 1.6x higher than Massachusetts's index of 134.
The standard of living in Lexington ranks as #108 most affordable out of the 112 places we measured in Massachusetts. By definition, that implies Lexington ranks as the #4 most expensive place in the Bay State.
For more reading on life in Lexington, check out:
In Massachusetts
In America
Lexington Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Lexington. Here is how it fairs on each of the criteria:
The Services index in Lexington is 122.
The Groceries index in Lexington is 105.
The Health index in Lexington is 111.
The Housing index in Lexington is 429.
The Transportation index in Lexington is 120.
The Utilities index in Lexington is 133.
| Living Expense | Lexington | Massachusetts | National Average | |
|---|---|---|---|---|
| Overall | 211 | 134 | 100 | |
| Services | 122 | 121 | 100 | |
| Groceries | 105 | 106 | 100 | |
| Health | 111 | 112 | 100 | |
| Housing | 429 | 164 | 100 | |
| Transportation | 120 | 120 | 100 | |
| Utilities | 133 | 136 | 100 | |
Lexington, MA Housing Cost Breakdown
Housing swings affordability the most between places in Massachusetts, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Lexington is $1,561,211.
The Median Rent in Lexington is $2,816.
The Median Income in Lexington is $219,402.
The Home Value To Income in Lexington is 7.1x.
The Rent To Monthly Income in Lexington is 0.15x.
| Statistic | Lexington | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $1,561,211 | $649,115 | $303,400 |
| Median Rent | $2,816 | $1,687 | $1,348 |
| Median Income | $219,402 | $101,341 | $78,538 |
| Home Value To Income | 7.1x | 6.4x | 3.9x |
| Rent To Monthly Income | 0.15x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Lexington, MA Costs By Category
Detailed Lexington Services Costs Vs. Massachusetts
| Item | Lexington | Massachusetts |
|---|---|---|
| Shampoo | $1.49 | $1.28 |
| Movie | $15.49 | $12.13 |
| Bowling | $29.33 | $18 |
| Haircut | $43.72 | $24.26 |
| Beauty Salon | $65.56 | $45.56 |
Detailed Lexington Groceries Costs Vs. Massachusetts
| Item | Lexington | Massachusetts |
|---|---|---|
| Ground Beef | $5.48 | $5.84 |
| Fried Chicken | $1.45 | $1.57 |
| Milk | $4.76 | $4.67 |
| Potatoes | $4.99 | $4.93 |
| Pizza | $12.52 | $12.09 |
| Beer | $10.21 | $10.41 |
| Toothpaste | $3.53 | $3.7 |
Detailed Lexington Health Costs Vs. Massachusetts
| Item | Lexington | Massachusetts |
|---|---|---|
| Optometrist | $123.17 | $125.68 |
| Doctor | $157.89 | $135.78 |
| Dentist | $149.22 | $113.29 |
Detailed Lexington Transportation Costs Vs. Massachusetts
| Item | Lexington | Massachusetts |
|---|---|---|
| Gasoline | $3.43 | $3.46 |
| Tire Balancing | $97.39 | $59.92 |
Detailed Lexington Utilities Costs Vs. Massachusetts
| Item | Lexington | Massachusetts |
|---|---|---|
| All Electricity | $302.72 | $193.99 |
| Phone | $187.85 | $192.25 |
Lexington SnackAbility
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Cost Of Living In Cities Around Lexington
The cost of living varies in the cities and towns around Lexington. Here's a quick look at the cost of living in the most populous nearby places:
Newton, MA has a cost of living index of 208, 1.0x Lexington.
Waltham, MA has a cost of living index of 167, 0.8x Lexington.
Brookline, MA has a cost of living index of 221, 1.0x Lexington.
| City | Population | Cost Of Living | Vs. Lexington |
|---|---|---|---|
| Newton, MA | 88,504 | 208 | 1.0x |
| Waltham, MA | 64,723 | 167 | 0.8x |
| Brookline, MA | 62,822 | 221 | 1.0x |
| Medford, MA | 59,062 | 163 | 0.8x |
| Arlington, MA | 46,015 | 179 | 0.8x |
| Woburn, MA | 41,205 | 154 | 0.7x |
| Needham, MA | 32,059 | 202 | 1.0x |
| Wellesley, MA | 29,906 | 243 | 1.2x |
| Belmont, MA | 27,009 | 204 | 1.0x |
| Burlington, MA | 26,223 | 169 | 0.8x |
