Lexington, VA Cost Of Living

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Updated: 2020-03-08
Lexington's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Lexington is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Lexington, VA?

According to the most recent data on the cost of living, Lexington has an overall cost of living index of 101 which is 1.0x higher than the national index of 100.

Compared to only Virginia, Lexington has a cost of living index that's 0.9x lower than Virginia's index of 107.

The standard of living in Lexington ranks as #3314 most affordable out of the 6522 places we measured in Virginia. By definition, that implies Lexington ranks as the #3093 most expensive place in the Old Dominion.

Lexington Cost Of Living Vs. Virginia

Living Expense Lexington Virginia National Average
Overall 101 107 100
Services 99 99 100
Groceries 87 96 100
Health 98 97 100
Housing 112 130 100
Transportation 89 90 100
Utilities 107 100 100
For more reading on cost of living around Virginia, check out:
Lexington Cost of Living Vs. VA

Lexington, VA Housing Cost Breakdown

Housing swings affordability the most between places in Virginia, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Lexington Virginia United States
Median Home Value $203,600 $264,900 $204,900
Median Rent $809 $1,202 $1,023
Median Income $36,466 $71,564 $60,293
Home Value To Income 5.6x 3.7x 3.4x
Rent To Monthly Income 0.27x 0.2x 0.2x

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Cost Of Living In Cities Around Lexington

City Population Cost Of Living Vs. Lexington
Lynchburg, VA 80,131 89 0.9x
Cave Spring, VA 25,793 97 1.0x
Salem, VA 25,519 93 0.9x
Staunton, VA 24,452 92 0.9x
Waynesboro, VA 21,926 92 0.9x
Hollins, VA 14,257 93 0.9x
Madison Heights, VA 11,483 86 0.9x
Stuarts Draft, VA 9,716 96 1.0x
Vinton, VA 8,074 88 0.9x
Buena Vista, VA 6,399 87 0.9x

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