Living in Lexington, Virginia
Cost of living, income, home prices, rent and demographics of Lexington · Census data 2020–2024
Lexington has 7,525 residents with a median age of 22.6. The median household income is $84,517 (9% lower than the Virginia median), the median home value is $275,200, the median rent is $1,081/month.
Lexington at a glance
- Population
- 7,525
- Median age
- 22.6State: 39
- Median household income
- $84,517State: $93,170
- Median home value
- $275,200State: $383,700
- Median rent
- $1,081/moState: $1,579
- Homeowners
- 53.8%
- Bachelor's degree or higher
- 50.7%
- Average commute
- 13 min
Is Lexington a good place to live?
Pros: Home values 28% lower than the state median; an average commute of 13 minutes; unemployment of 0.6%.
Cons: Median household income 9% lower than the Virginia median; a poverty rate of 14%.
The weather is best in May and August to October.
Cost of living in Lexington
Housing is the biggest part of the cost of living. In Lexington the median home value is $275,200, 17% lower than the U.S. median. Renters pay a median of $1,081 per month, which is 29.2% of household income. Homeowners with a mortgage pay $1,640 a month in housing costs.
Lexington median household income
The median household income in Lexington is $84,517 and the income per person is $31,955. 14% of residents live below the poverty line (Virginia: 9.9%).
Housing in Lexington: homes for sale and rent
- Housing units
- 2,808
- Owner-occupied
- 53.8%
- Renter-occupied
- 46.2%
- Vacant
- 22.1%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 1.97
Lexington demographics
- Population
- 7,525
- Median age
- 22.6
- Under 18
- 7.3%
- 65 and older
- 16.9%
- Households
- 2,187
- Foreign-born
- 5.8%
- Veterans
- 2.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Lexington ›
Education in Lexington
50.7% of adults 25 and older in Lexington have a bachelor's degree or higher (Virginia: 42.2%), and 30.1% have a graduate or professional degree.
Jobs and commute in Lexington
- Unemployment rate
- 0.6%State: 4.3%
- Average commute
- 13 minState: 27 min
- Work from home
- 14.5%
- Drive alone
- 53.9%
- Public transit
- 0%
- Walk to work
- 26%
- Homes with broadband
- 93.4%
Lexington vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lexington | 7,525 | $84,517 | $275,200 | $1,081 |
| East Lexington | 1,652 | $64,241 | $275,700 | $954 |
| Buena Vista | 6,593 | $57,833 | $156,200 | $1,112 |
| Glasgow | 1,330 | $51,827 | $131,300 | $764 |
| Fairfield | 566 | $113,646 | $224,400 | — |
| Goshen | 271 | $45,000 | $136,100 | $750 |
| Iron Gate | 426 | $70,000 | $84,600 | $715 |
| Clifton Forge | 3,447 | $40,000 | $109,500 | $592 |
| Craigsville | 1,104 | $39,609 | $176,900 | $738 |
More for people moving to Lexington
Lexington ZIP code ›Weather and climate ›Living in Lexington: FAQ
What is the median household income in Lexington, VA?
The median household income in Lexington is $84,517, 9% lower than the Virginia median of $93,170 (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 $275,200, compared with $383,700 in Virginia.
How much is rent in Lexington?
The median gross rent in Lexington is $1,081 per month, about 29.2% of household income.
Is Lexington, VA a good place to live?
Pluses: home values 28% lower than the state median; an average commute of 13 minutes; unemployment of 0.6%. Minuses: median household income 9% lower than the Virginia median; a poverty rate of 14%.
What is the median age in Lexington?
The median age in Lexington is 22.6 years (Virginia: 39).
How long is the commute in Lexington?
The average commute to work in Lexington is 13 minutes; 14.5% of workers work from home.
What is the unemployment rate in Lexington?
The unemployment rate in Lexington is 0.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lexington?
50.7% 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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