Lexington, SC Cost Of Living
Cost Of Living In Lexington, SC 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 South Carolina, 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 102, with 100 being the average.
The cost of living index in Lexington is 1.0x higher than the national average.
Lexington ranks as the #72 cheapest in South Carolina out of 99.
Lexington ranks as the #2,846 cheapest out of 6,489 in the US.
The median home value in Lexington is $303,035.
The median income in Lexington is $83,263.
Table Of Contents
Lexington's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lexington, SC?
According to the most recent data on the cost of living, Lexington has an overall cost of living index of 102, which is 1.0x higher than the national index of 100.
Compared to South Carolina, Lexington has a cost of living index that's 1.1x higher than South Carolina's index of 93.
The standard of living in Lexington ranks as #72 most affordable out of the 99 places we measured in South Carolina. By definition, that implies Lexington ranks as the #27 most expensive place in the Palmetto State.
For more reading on life in Lexington, check out:
In South Carolina
In America
Lexington Cost Of Living Vs. South Carolina
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 100.
The Health index in Lexington is 87.
The Housing index in Lexington is 111.
The Transportation index in Lexington is 83.
The Utilities index in Lexington is 132.
| Living Expense | Lexington | South Carolina | National Average | |
|---|---|---|---|---|
| Overall | 102 | 93 | 100 | |
| Services | 97 | 102 | 100 | |
| Groceries | 100 | 97 | 100 | |
| Health | 87 | 92 | 100 | |
| Housing | 111 | 81 | 100 | |
| Transportation | 83 | 92 | 100 | |
| Utilities | 132 | 109 | 100 | |
Lexington, SC Housing Cost Breakdown
Housing swings affordability the most between places in South Carolina, 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 $303,035.
The Median Rent in Lexington is $1,360.
The Median Income in Lexington is $83,263.
The Home Value To Income in Lexington is 3.6x.
The Rent To Monthly Income in Lexington is 0.2x.
| Statistic | Lexington | South Carolina | United States |
|---|---|---|---|
| Median Home Value | $303,035 | $302,294 | $303,400 |
| Median Rent | $1,360 | $1,126 | $1,348 |
| Median Income | $83,263 | $66,818 | $78,538 |
| Home Value To Income | 3.6x | 4.5x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Lexington, SC Costs By Category
Detailed Lexington Services Costs Vs. South Carolina
| Item | Lexington | South Carolina |
|---|---|---|
| Shampoo | $1.33 | $1.28 |
| Movie | $12.93 | $12.13 |
| Bowling | $24.33 | $18 |
| Haircut | $20.75 | $24.26 |
| Beauty Salon | $30.56 | $45.56 |
Detailed Lexington Groceries Costs Vs. South Carolina
| Item | Lexington | South Carolina |
|---|---|---|
| Ground Beef | $6.15 | $5.84 |
| Fried Chicken | $1.67 | $1.57 |
| Milk | $4.61 | $4.67 |
| Potatoes | $5.5 | $4.93 |
| Pizza | $10.35 | $12.09 |
| Beer | $10.53 | $10.41 |
| Toothpaste | $3.65 | $3.7 |
Detailed Lexington Health Costs Vs. South Carolina
| Item | Lexington | South Carolina |
|---|---|---|
| Optometrist | $59.0 | $125.68 |
| Doctor | $150.0 | $135.78 |
| Dentist | $78.33 | $113.29 |
Detailed Lexington Transportation Costs Vs. South Carolina
| Item | Lexington | South Carolina |
|---|---|---|
| Gasoline | $3.22 | $3.46 |
| Tire Balancing | $32.03 | $59.92 |
Detailed Lexington Utilities Costs Vs. South Carolina
| Item | Lexington | South Carolina |
|---|---|---|
| All Electricity | $290.58 | $193.99 |
| Phone | $192.75 | $192.25 |
Lexington SnackAbility
/10
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:
St. Andrews, SC has a cost of living index of 89, 0.9x Lexington.
West Columbia, SC has a cost of living index of 95, 0.9x Lexington.
Seven Oaks, SC has a cost of living index of 97, 1.0x Lexington.
| City | Population | Cost Of Living | Vs. Lexington |
|---|---|---|---|
| St. Andrews, SC | 20,953 | 89 | 0.9x |
| West Columbia, SC | 17,723 | 95 | 0.9x |
| Seven Oaks, SC | 15,990 | 97 | 1.0x |
| Dentsville, SC | 15,396 | 91 | 0.9x |
| Cayce, SC | 13,718 | 96 | 0.9x |
| Oak Grove, SC | 12,031 | 97 | 1.0x |
| Irmo, SC | 11,799 | 96 | 0.9x |
| Red Bank, SC | 10,950 | 94 | 0.9x |
| Forest Acres, SC | 10,491 | 103 | 1.0x |
| Woodfield, SC | 9,901 | 94 | 0.9x |
