Living in Lexington, Massachusetts
Cost of living, income, home prices, rent and demographics of Lexington · Census data 2020–2024
Lexington has 34,295 residents with a median age of 47.3. The median household income is $238,444 (129% higher than the Massachusetts median), the median home value is $1,203,100, the median rent is $2,891/month.
Lexington at a glance
- Population
- 34,295
- Median age
- 47.3State: 40
- Median household income
- $238,444State: $103,960
- Median home value
- $1,203,100State: $562,100
- Median rent
- $2,891/moState: $1,762
- Homeowners
- 80.5%
- Bachelor's degree or higher
- 84.3%
- Average commute
- 31 min
Is Lexington a good place to live?
Pros: Median household income 129% higher than the Massachusetts median; unemployment of 2.9%; a poverty rate of 4.7%.
Cons: Home values 114% higher than the state median; an average commute of 31 minutes.
The weather is best in June to September.
Cost of living in Lexington
Housing is the biggest part of the cost of living. In Lexington the median home value is $1,203,100, 262% higher than the U.S. median. Renters pay a median of $2,891 per month, which is 30.1% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Lexington median household income
The median household income in Lexington is $238,444 and the income per person is $114,758. 4.7% of residents live below the poverty line (Massachusetts: 10%).
Housing in Lexington: homes for sale and rent
- Housing units
- 12,754
- Owner-occupied
- 80.5%
- Renter-occupied
- 19.5%
- Vacant
- 2.2%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 2.72
Lexington demographics
- Population
- 34,295
- Median age
- 47.3
- Under 18
- 25.5%
- 65 and older
- 21.7%
- Households
- 12,477
- Foreign-born
- 34.4%
- Veterans
- 3.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Lexington ›
Education in Lexington
84.3% of adults 25 and older in Lexington have a bachelor's degree or higher (Massachusetts: 47.3%), and 58.6% have a graduate or professional degree.
Jobs and commute in Lexington
- Unemployment rate
- 2.9%State: 5.2%
- Average commute
- 31 minState: 29 min
- Work from home
- 36.7%
- Drive alone
- 50.9%
- Public transit
- 4.7%
- Walk to work
- 1.8%
- Homes with broadband
- 98.2%
Lexington vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lexington | 34,295 | $238,444 | $1,203,100 | $2,891 |
| Hanscom AFB | 2,110 | $104,688 | — | $3,408 |
| Arlington | 46,350 | $150,701 | $933,800 | $2,082 |
| Waltham | 64,902 | $120,216 | $748,700 | $2,268 |
| Belmont | 27,175 | $183,137 | $1,159,000 | $2,527 |
| Burlington | 26,274 | $146,436 | $740,600 | $2,718 |
| Lincoln | 6,948 | $175,117 | $1,208,200 | $3,168 |
| Winchester | 23,406 | $230,198 | $1,215,200 | $2,279 |
| Bedford | 14,727 | $172,400 | $898,500 | $2,622 |
More for people moving to Lexington
Lexington ZIP code ›Weather and climate ›Living in Lexington: FAQ
What is the median household income in Lexington, MA?
The median household income in Lexington is $238,444, 129% higher than the Massachusetts median of $103,960 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lexington?
The median home value in Lexington is $1,203,100, compared with $562,100 in Massachusetts.
How much is rent in Lexington?
The median gross rent in Lexington is $2,891 per month, about 30.1% of household income.
Is Lexington, MA a good place to live?
Pluses: median household income 129% higher than the Massachusetts median; unemployment of 2.9%; a poverty rate of 4.7%. Minuses: home values 114% higher than the state median; an average commute of 31 minutes.
What is the median age in Lexington?
The median age in Lexington is 47.3 years (Massachusetts: 40).
How long is the commute in Lexington?
The average commute to work in Lexington is 31 minutes; 36.7% of workers work from home.
What is the unemployment rate in Lexington?
The unemployment rate in Lexington is 2.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lexington?
84.3% of adults in Lexington have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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