Living in Lexington, Minnesota
Cost of living, income, home prices, rent and demographics of Lexington · Census data 2020–2024
Lexington has 2,770 residents with a median age of 37.2. The median household income is $75,347 (15% lower than the Minnesota median), the median home value is $289,800, the median rent is $1,573/month.
Lexington at a glance
- Population
- 2,770
- Median age
- 37.2State: 38.8
- Median household income
- $75,347State: $89,062
- Median home value
- $289,800State: $329,300
- Median rent
- $1,573/moState: $1,280
- Homeowners
- 54.9%
- Bachelor's degree or higher
- 25%
- Average commute
- 21 min
Is Lexington a good place to live?
Pros: Home values 12% lower than the state median; an average commute of 21 minutes; a poverty rate of 8.6%.
Cons: Median household income 15% lower than the Minnesota median; unemployment of 4.7%.
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 $289,800, 13% lower than the U.S. median. Renters pay a median of $1,573 per month, which is 27.6% of household income. Homeowners with a mortgage pay $1,864 a month in housing costs.
Lexington median household income
The median household income in Lexington is $75,347 and the income per person is $35,716. 8.6% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Lexington: homes for sale and rent
- Housing units
- 1,249
- Owner-occupied
- 54.9%
- Renter-occupied
- 45.1%
- Vacant
- 8.6%Includes seasonal homes
- Median year built
- 1977
- Average household size
- 2.42
Lexington demographics
- Population
- 2,770
- Median age
- 37.2
- Under 18
- 21.9%
- 65 and older
- 9.3%
- Households
- 1,142
- Foreign-born
- 20.4%
- Veterans
- 5.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Lexington ›
Education in Lexington
25% of adults 25 and older in Lexington have a bachelor's degree or higher (Minnesota: 39.4%), and 6.7% have a graduate or professional degree.
Jobs and commute in Lexington
- Unemployment rate
- 4.7%State: 4.1%
- Average commute
- 21 minState: 23 min
- Work from home
- 12.5%
- Drive alone
- 75.9%
- Public transit
- 0.1%
- Walk to work
- 2.9%
- Homes with broadband
- 92.6%
Lexington vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lexington | 2,770 | $75,347 | $289,800 | $1,573 |
| Circle Pines | 4,968 | $101,800 | $293,600 | $1,496 |
| Mounds View | 12,926 | $90,009 | $324,200 | $1,245 |
| Blaine | 72,488 | $106,801 | $352,400 | $1,705 |
| Spring Lake Park | 7,032 | $90,753 | $290,100 | $1,413 |
| Lino Lakes | 22,113 | $127,181 | $407,200 | $1,874 |
| Shoreview | 26,714 | $108,370 | $383,700 | $1,661 |
| North Oaks | 5,179 | $231,742 | $821,200 | $3,501 |
| Arden Hills | 9,658 | $134,118 | $441,900 | $1,710 |
More for people moving to Lexington
Lexington ZIP code ›Weather and climate ›Living in Lexington: FAQ
What is the median household income in Lexington, MN?
The median household income in Lexington is $75,347, 15% lower than the Minnesota median of $89,062 (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 $289,800, compared with $329,300 in Minnesota.
How much is rent in Lexington?
The median gross rent in Lexington is $1,573 per month, about 27.6% of household income.
Is Lexington, MN a good place to live?
Pluses: home values 12% lower than the state median; an average commute of 21 minutes; a poverty rate of 8.6%. Minuses: median household income 15% lower than the Minnesota median; unemployment of 4.7%.
What is the median age in Lexington?
The median age in Lexington is 37.2 years (Minnesota: 38.8).
How long is the commute in Lexington?
The average commute to work in Lexington is 21 minutes; 12.5% of workers work from home.
What is the unemployment rate in Lexington?
The unemployment rate in Lexington is 4.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lexington?
25% 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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