Living in Lexington, North Carolina
Cost of living, income, home prices, rent and demographics of Lexington · Census data 2020–2024
Lexington has 19,690 residents with a median age of 36.7. The median household income is $43,128 (40% lower than the North Carolina median), the median home value is $179,900, the median rent is $893/month.
Lexington at a glance
- Population
- 19,690
- Median age
- 36.7State: 39.1
- Median household income
- $43,128State: $72,388
- Median home value
- $179,900State: $288,900
- Median rent
- $893/moState: $1,228
- Homeowners
- 41.6%
- Bachelor's degree or higher
- 12.9%
- Average commute
- 26 min
Is Lexington a good place to live?
Pros: Home values 38% lower than the state median.
Cons: Median household income 40% lower than the North Carolina median; an average commute of 26 minutes; unemployment of 6%; a poverty rate of 27.8%.
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 $179,900, 46% lower than the U.S. median. Renters pay a median of $893 per month, which is 28.8% of household income. Homeowners with a mortgage pay $1,256 a month in housing costs.
Lexington median household income
The median household income in Lexington is $43,128 and the income per person is $22,661. 27.8% of residents live below the poverty line (North Carolina: 13%).
Housing in Lexington: homes for sale and rent
- Housing units
- 8,905
- Owner-occupied
- 41.6%
- Renter-occupied
- 58.4%
- Vacant
- 15.5%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.51
Lexington demographics
- Population
- 19,690
- Median age
- 36.7
- Under 18
- 25%
- 65 and older
- 15.4%
- Households
- 7,529
- Foreign-born
- 13%
- Veterans
- 6.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Lexington ›
Education in Lexington
12.9% of adults 25 and older in Lexington have a bachelor's degree or higher (North Carolina: 35.7%), and 3.9% have a graduate or professional degree.
Jobs and commute in Lexington
- Unemployment rate
- 6%State: 4.7%
- Average commute
- 26 minState: 25 min
- Work from home
- 7.3%
- Drive alone
- 70.4%
- Public transit
- 0%
- Walk to work
- 4.2%
- Homes with broadband
- 83.9%
Lexington vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lexington | 19,690 | $43,128 | $179,900 | $893 |
| Tyro | 3,833 | $58,364 | $191,800 | $746 |
| Welcome | 3,521 | $63,353 | $200,800 | $836 |
| Yadkin College | 400 | $110,219 | $253,300 | — |
| Southmont | 1,525 | $91,307 | $424,100 | — |
| Spencer | 3,349 | $65,465 | $201,700 | $1,000 |
| East Spencer | 1,434 | $34,417 | $112,000 | $677 |
| Advance | 1,408 | $115,391 | $434,400 | $819 |
| Thomasville | 27,321 | $60,935 | $179,300 | $879 |
More for people moving to Lexington
Lexington ZIP code ›Weather and climate ›Living in Lexington: FAQ
What is the median household income in Lexington, NC?
The median household income in Lexington is $43,128, 40% lower than the North Carolina median of $72,388 (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 $179,900, compared with $288,900 in North Carolina.
How much is rent in Lexington?
The median gross rent in Lexington is $893 per month, about 28.8% of household income.
Is Lexington, NC a good place to live?
Pluses: home values 38% lower than the state median. Minuses: median household income 40% lower than the North Carolina median; an average commute of 26 minutes; unemployment of 6%; a poverty rate of 27.8%.
What is the median age in Lexington?
The median age in Lexington is 36.7 years (North Carolina: 39.1).
How long is the commute in Lexington?
The average commute to work in Lexington is 26 minutes; 7.3% of workers work from home.
What is the unemployment rate in Lexington?
The unemployment rate in Lexington is 6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lexington?
12.9% 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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