Lexington, NE Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Lexington, NE 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 Nebraska, 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 81, with 100 being the average.

  • The cost of living index in Lexington is 0.8x lower than the national average.

  • Lexington ranks as the #1 cheapest in Nebraska out of 34.

  • Lexington ranks as the #290 cheapest out of 6,412 in the US.

  • The median home value in Lexington is $123,500.

  • The median income in Lexington is $56,729.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
81
Lexington's Overall Cost Of Living
0.8x
Lower Than The National Average

What is the cost of living in Lexington, NE?

According to the most recent data on the cost of living, Lexington has an overall cost of living index of 81, which is 0.8x lower than the national index of 100.

Compared to Nebraska, Lexington has a cost of living index that's 0.9x lower than Nebraska's index of 91.

The standard of living in Lexington ranks as #1 most affordable out of the 34 places we measured in Nebraska. By definition, that implies Lexington ranks as the #33 most expensive place in the Cornhusker State.

For more reading on life in Lexington, check out:

1 out of 34
In Nebraska
290 out of 6,412
In America

Lexington Cost Of Living Vs. Nebraska

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 97.

  • The Groceries index in Lexington is 102.

  • The Health index in Lexington is 97.

  • The Housing index in Lexington is 51.

  • The Transportation index in Lexington is 95.

  • The Utilities index in Lexington is 83.

Living Expense Lexington Nebraska National Average
Overall 81 91 100
Services 97 95 100
Groceries 102 96 100
Health 97 99 100
Housing 51 80 100
Transportation 95 99 100
Utilities 83 86 100
For more reading on cost of living around Nebraska, check out:
Lexington Cost of Living Vs. NE

Lexington, NE Housing Cost Breakdown

Housing swings affordability the most between places in Nebraska, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Lexington is $123,500.

  • The Median Rent in Lexington is $856.

  • The Median Income in Lexington is $56,729.

  • The Home Value To Income in Lexington is 2.2x.

  • The Rent To Monthly Income in Lexington is 0.18x.

Statistic Lexington Nebraska United States
Median Home Value $123,500 $174,100 $244,900
Median Rent $856 $909 $1,163
Median Income $56,729 $66,644 $69,021
Home Value To Income 2.2x 2.6x 3.5x
Rent To Monthly Income 0.18x 0.16x 0.2x
Search Homes For Sale In Lexington, NE
$123,500
Median Home Value
$856
Median Rent
$56,729
Median Income

Lexington, NE Costs By Category

Detailed Lexington Services Costs Vs. Nebraska

Item Lexington Nebraska
Shampoo $1.06 $1.06
Movie $8.5 $10.68
Bowling $10.0 $14.67
Haircut $12.0 $18.62
Beauty Salon $25.0 $39.05

Detailed Lexington Groceries Costs Vs. Nebraska

Item Lexington Nebraska
Ground Beef $3.32 $4.22
Fried Chicken $1.78 $1.39
Milk $1.92 $2.05
Potatoes $3.33 $3.29
Pizza $10.69 $10.62
Beer $8.6 $9.38
Toothpaste $3.05 $2.34

Detailed Lexington Health Costs Vs. Nebraska

Item Lexington Nebraska
Optometrist $110.0 $108.57
Doctor $126.0 $116.17
Dentist $75.0 $99.13

Detailed Lexington Transportation Costs Vs. Nebraska

Item Lexington Nebraska
Gasoline $2.11 $2.22
Tire Balancing $45.82 $50.07

Detailed Lexington Utilities Costs Vs. Nebraska

Item Lexington Nebraska
All Electricity $109.11 $167.67
Phone $192.32 $175.64

Lexington SnackAbility

6
/10
Overall SnackAbility
Jobs
6/10
Housing
6
Affordability
8.5
Diversity
9
Safety
8
Amenities
8.5
Education
4
Commute
9.5

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:

  • Mason, OH has a cost of living index of 104, 1.3x Lexington.

  • Kearney, NE has a cost of living index of 90, 1.1x Lexington.

  • Holdrege, NE has a cost of living index of 84, 1.0x Lexington.

City Population Cost Of Living Vs. Lexington
Mason, OH 34,337 104 1.3x
Kearney, NE 33,558 90 1.1x
Holdrege, NE 5,485 84 1.0x

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