Living in Lexington, Tennessee
Cost of living, income, home prices, rent and demographics of Lexington · Census data 2020–2024
Lexington has 7,962 residents with a median age of 36.9. The median household income is $49,057 (30% lower than the Tennessee median), the median home value is $176,000, the median rent is $720/month.
Lexington at a glance
- Population
- 7,962
- Median age
- 36.9State: 38.9
- Median household income
- $49,057State: $69,595
- Median home value
- $176,000State: $286,700
- Median rent
- $720/moState: $1,189
- Homeowners
- 63%
- Bachelor's degree or higher
- 16.5%
- Average commute
- 24 min
Is Lexington a good place to live?
Pros: Home values 39% lower than the state median; an average commute of 24 minutes.
Cons: Median household income 30% lower than the Tennessee median; unemployment of 8.3%; a poverty rate of 18.4%.
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 $176,000, 47% lower than the U.S. median. Renters pay a median of $720 per month, which is 25.5% of household income. Homeowners with a mortgage pay $1,138 a month in housing costs.
Lexington median household income
The median household income in Lexington is $49,057 and the income per person is $25,810. 18.4% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Lexington: homes for sale and rent
- Housing units
- 3,368
- Owner-occupied
- 63%
- Renter-occupied
- 37%
- Vacant
- 11.7%Includes seasonal homes
- Median year built
- 1981
- Average household size
- 2.56
Lexington demographics
- Population
- 7,962
- Median age
- 36.9
- Under 18
- 24.9%
- 65 and older
- 17.5%
- Households
- 2,973
- Foreign-born
- 0.7%
- Veterans
- 6.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Lexington ›
Education in Lexington
16.5% of adults 25 and older in Lexington have a bachelor's degree or higher (Tennessee: 31.1%), and 4.1% have a graduate or professional degree.
Jobs and commute in Lexington
- Unemployment rate
- 8.3%State: 4.7%
- Average commute
- 24 minState: 26 min
- Work from home
- 10.6%
- Drive alone
- 85.7%
- Public transit
- 0%
- Walk to work
- 0.4%
- Homes with broadband
- 88.2%
Lexington vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lexington | 7,962 | $49,057 | $176,000 | $720 |
| Chesterfield | 356 | $62,885 | $187,500 | — |
| Parker's Crossroads | 615 | $73,600 | $175,000 | $1,100 |
| Scotts Hill | 1,083 | $37,809 | $113,500 | $629 |
| Parsons | 2,686 | $36,154 | $118,100 | $738 |
| Beech Bluff | 437 | $69,034 | $162,100 | — |
| Sardis | 536 | $39,464 | $116,800 | $729 |
| Decaturville | 934 | $41,597 | $135,000 | $781 |
| Clarksburg | 895 | $76,250 | $152,500 | $925 |
More for people moving to Lexington
Lexington ZIP code ›Weather and climate ›Living in Lexington: FAQ
What is the median household income in Lexington, TN?
The median household income in Lexington is $49,057, 30% lower than the Tennessee median of $69,595 (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 $176,000, compared with $286,700 in Tennessee.
How much is rent in Lexington?
The median gross rent in Lexington is $720 per month, about 25.5% of household income.
Is Lexington, TN a good place to live?
Pluses: home values 39% lower than the state median; an average commute of 24 minutes. Minuses: median household income 30% lower than the Tennessee median; unemployment of 8.3%; a poverty rate of 18.4%.
What is the median age in Lexington?
The median age in Lexington is 36.9 years (Tennessee: 38.9).
How long is the commute in Lexington?
The average commute to work in Lexington is 24 minutes; 10.6% of workers work from home.
What is the unemployment rate in Lexington?
The unemployment rate in Lexington is 8.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lexington?
16.5% 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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