Living in Lexington, Michigan
Cost of living, income, home prices, rent and demographics of Lexington · Census data 2020–2024
Lexington has 1,126 residents with a median age of 63.2. The median household income is $45,694 (37% lower than the Michigan median), the median home value is $184,500, the median rent is $686/month.
Lexington is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lexington at a glance
- Population
- 1,126
- Median age
- 63.2State: 40.2
- Median household income
- $45,694State: $72,875
- Median home value
- $184,500State: $231,600
- Median rent
- $686/moState: $1,129
- Homeowners
- 65.7%
- Bachelor's degree or higher
- 26.7%
- Average commute
- 23 min
Is Lexington a good place to live?
Pros: Home values 20% lower than the state median; an average commute of 23 minutes; unemployment of 1.4%; a poverty rate of 11.9%.
Cons: Median household income 37% lower than the Michigan median.
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 $184,500, 45% lower than the U.S. median. Renters pay a median of $686 per month, which is 32% of household income. Homeowners with a mortgage pay $1,328 a month in housing costs.
Lexington median household income
The median household income in Lexington is $45,694 and the income per person is $41,235. 11.9% of residents live below the poverty line (Michigan: 13.2%).
Housing in Lexington: homes for sale and rent
- Housing units
- 1,002
- Owner-occupied
- 65.7%
- Renter-occupied
- 34.3%
- Vacant
- 31.2%Includes seasonal homes
- Median year built
- 1980
- Average household size
- 1.63
31.2% of homes are vacant most of the year, a sign that Lexington has many vacation and second homes.
Lexington demographics
- Population
- 1,126
- Median age
- 63.2
- Under 18
- 7.8%
- 65 and older
- 42.6%
- Households
- 689
- Foreign-born
- 2.3%
- Veterans
- 8.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Lexington ›
Education in Lexington
26.7% of adults 25 and older in Lexington have a bachelor's degree or higher (Michigan: 32.4%), and 11.7% have a graduate or professional degree.
Jobs and commute in Lexington
- Unemployment rate
- 1.4%State: 5.7%
- Average commute
- 23 minState: 24 min
- Work from home
- 18.3%
- Drive alone
- 65.5%
- Public transit
- 0%
- Walk to work
- 8.5%
- Homes with broadband
- 82.7%
Lexington vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lexington | 1,126 | $45,694 | $184,500 | $686 |
| Croswell | 2,488 | $55,081 | $149,600 | $658 |
| Applegate | 255 | $65,625 | $96,500 | $1,063 |
| Port Sanilac | 812 | $52,083 | $158,800 | $900 |
| Lakeport | 742 | $54,236 | $206,400 | $1,125 |
| Carsonville | 463 | $57,647 | $101,300 | $858 |
| Peck | 589 | $54,758 | $117,000 | $870 |
| Yale | 2,129 | $53,236 | $127,100 | $857 |
| Ruby | 714 | $69,077 | $223,800 | $1,105 |
More for people moving to Lexington
Lexington ZIP code ›Weather and climate ›Living in Lexington: FAQ
What is the median household income in Lexington, MI?
The median household income in Lexington is $45,694, 37% lower than the Michigan median of $72,875 (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 $184,500, compared with $231,600 in Michigan.
How much is rent in Lexington?
The median gross rent in Lexington is $686 per month, about 32% of household income.
Is Lexington, MI a good place to live?
Pluses: home values 20% lower than the state median; an average commute of 23 minutes; unemployment of 1.4%; a poverty rate of 11.9%. Minuses: median household income 37% lower than the Michigan median.
What is the median age in Lexington?
The median age in Lexington is 63.2 years (Michigan: 40.2).
How long is the commute in Lexington?
The average commute to work in Lexington is 23 minutes; 18.3% of workers work from home.
What is the unemployment rate in Lexington?
The unemployment rate in Lexington is 1.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lexington?
26.7% 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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