Cost of Living in Lexington, KY
| Cost of Living in Lexington, KY | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 3% lower | 24% lower |
| Utilities (Monthly) | 1% higher | 0% |
| Food | 7% higher | 1% higher |
| Healthcare | 8% lower | 14% lower |
| Transportation | 14% lower | 7% lower |
| Goods & Services | 5% higher | 0% |
The cost of living in Lexington, KY is same as the state average and 8% lower than the national average. Lexington, KY housing is 24% cheaper than the U.S average, while utilities are about 0% . When it comes to basic necessities such as food and clothing, groceries are around 1% pricier 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 14% 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 $1,309, while home prices circle around $378,429.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Lexington, energy bills cost around $196.79 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 $4.73 in Lexington, a dozen eggs go for around $3.95 and a pound of potatoes circles around $5.06.
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 $88.39, while a dentist appointment is priced $104.46 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.06 in Lexington, while getting your tires balanced will run you about $57.89.
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 $56.70 here. Meanwhile, a pair of women's slacks will set you back around $43.23.
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 $12.91 a month. When it comes to personal services, a haircut usually goes for $26.63, while dry cleaning costs about $15.80.
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.