Cost of Living in Lexington
The housing choices for a resident of Fayette County are as diverse as the people and the economy. From newer suburban neighborhoods like Andover or Masterson Station to older, historical areas such as Henry Clay and Chevy Chase, Lexington truly offers something for everyone. While housing costs in Fayette County have increased in recent years, people can still choose from downtown living, farms, apartments and duplexes, million-dollar homes, and suburbia, or check out the small-town atmosphere of communities like Midway, Paris, Versailles or Winchester. With thousands of college students descending on the area each fall, a plethora of options are available to renters, such as apartment complexes, townhouses, duplexes, and even older homes near campus.
By The Numbers: What to Expect
Bluegrass residents enjoy a cost of living that is consistently below the national average in almost all major categories. The figures below are from the ACCRA Cost of Living Survey (2023 Averages).
By The Numbers: What to Expect
Bluegrass residents enjoy a cost of living that is consistently below the national average in almost all major categories. The figures below are from the ACCRA Cost of Living Survey (2023 Averages).
$376,690
Cost for 2,400-square foot living area new home with 3 bedrooms, 2 baths, and 2-car garage on 60x120 lot. $121.58
Average monthly gas bill. |
$1,046
Monthly rent for unfurnished apartment with two bedrooms, two baths at approximately 950-square feet (excluding all utilities except water and sewer). $192.46
Average monthly phone bill. |
6.58 %
Average mortgage rate with points. $85.83
Average monthly electric bill. |