Cost of Living in Lexington, KY
| Cost of Living in Lexington, KY | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 2% lower | 23% lower |
| Utilities (Monthly) | 3% lower | 16% lower |
| Food | 2% higher | 0% |
| Healthcare | 3% lower | 2% lower |
| Transportation | 1% lower | 3% lower |
| Goods & Services | 6% lower | 0% |
The cost of living in Lexington, KY is 3% lower than the state average and 8% lower than the national average. Lexington, KY housing is 23% cheaper than the U.S average, while utilities are about 16% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 0% in Lexington, KY than in the rest of the country, while clothing costs around 0% .
Healthcare services such as doctor check-ups and dentistry cost 2% less here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 0% in Lexington, KY.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Lexington is $1,344, while home prices circle around $380,651.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Lexington, energy bills cost around $155.20 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $4.69 in Lexington, a dozen eggs go for around $3.40 and a pound of potatoes circles around $5.07.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Lexington, an optometry check-up costs around $92.42, while a dentist appointment is priced $113.73 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.20 in Lexington, while getting your tires balanced will run you about $62.65.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $44.97 here. Meanwhile, a pair of women's slacks will set you back around $46.38.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Lexington, you should budget around $12.34 a month. When it comes to personal services, a haircut usually goes for $28.97, while dry cleaning costs about $15.95.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Lexington, the median household income is $75,818.