Living in Lexington, Mississippi
Cost of living, income, home prices, rent and demographics of Lexington · Census data 2020–2024
Lexington has 1,350 residents with a median age of 38.7. The median household income is $48,417 (14% lower than the Mississippi median), the median home value is $88,500, the median rent is $685/month.
Lexington is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lexington at a glance
- Population
- 1,350
- Median age
- 38.7State: 38.6
- Median household income
- $48,417State: $56,447
- Median home value
- $88,500State: $169,800
- Median rent
- $685/moState: $954
- Homeowners
- 72.4%
- Bachelor's degree or higher
- 24.9%
- Average commute
- 36 min
Is Lexington a good place to live?
Pros: Home values 48% lower than the state median.
Cons: Median household income 14% lower than the Mississippi median; an average commute of 36 minutes; unemployment of 7.5%; a poverty rate of 22.7%.
The weather is best in April–May and September–October.
Cost of living in Lexington
Housing is the biggest part of the cost of living. In Lexington the median home value is $88,500, 73% lower than the U.S. median. Renters pay a median of $685 per month, which is 17.2% of household income. Homeowners with a mortgage pay $1,106 a month in housing costs.
Lexington median household income
The median household income in Lexington is $48,417 and the income per person is $28,626. 22.7% of residents live below the poverty line (Mississippi: 18.9%).
Housing in Lexington: homes for sale and rent
- Housing units
- 752
- Owner-occupied
- 72.4%
- Renter-occupied
- 27.6%
- Vacant
- 25.8%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.42
Lexington demographics
- Population
- 1,350
- Median age
- 38.7
- Under 18
- 24.6%
- 65 and older
- 14.2%
- Households
- 558
- Foreign-born
- 2.2%
- Veterans
- 4.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Lexington ›
Education in Lexington
24.9% of adults 25 and older in Lexington have a bachelor's degree or higher (Mississippi: 25.1%), and 9.5% have a graduate or professional degree.
Jobs and commute in Lexington
- Unemployment rate
- 7.5%State: 5.8%
- Average commute
- 36 minState: 26 min
- Work from home
- 0.4%
- Drive alone
- 92%
- Public transit
- 0%
- Walk to work
- 0.9%
- Homes with broadband
- 80.1%
Lexington vs nearby towns
More for people moving to Lexington
Lexington ZIP code ›Weather and climate ›Living in Lexington: FAQ
What is the median household income in Lexington, MS?
The median household income in Lexington is $48,417, 14% lower than the Mississippi median of $56,447 (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 $88,500, compared with $169,800 in Mississippi.
How much is rent in Lexington?
The median gross rent in Lexington is $685 per month, about 17.2% of household income.
Is Lexington, MS a good place to live?
Pluses: home values 48% lower than the state median. Minuses: median household income 14% lower than the Mississippi median; an average commute of 36 minutes; unemployment of 7.5%; a poverty rate of 22.7%.
What is the median age in Lexington?
The median age in Lexington is 38.7 years (Mississippi: 38.6).
How long is the commute in Lexington?
The average commute to work in Lexington is 36 minutes; 0.4% of workers work from home.
What is the unemployment rate in Lexington?
The unemployment rate in Lexington is 7.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lexington?
24.9% 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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