Here's what it costs to live in Lexington-Fayette, Kentucky, based on the latest US government data. Renters pay a median of $1,101 per month, while the typical home is valued around $272,100. Households earn a median of $67,631 per year, leaving rent at a manageable share of income for many residents. Air quality is good, with an average AQI of 18. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$67,631
Annual · Census ACS
Median Gross Rent
$1,101
Per month · Census ACS
Median Home Value
$272,100
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
Studio FMR
$883
HUD Fair Market Rent
1BR Fair Market Rent
$1,079
HUD FMR
2BR Fair Market Rent
$1,272
HUD FMR
3BR Fair Market Rent
$1,743
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
4.00%
Top marginal rate
State Sales Tax
6.00%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
321,122
Latest estimate
Median Age
35.2 yrs
Census ACS
Average AQI
18.0
Source: EPA AirNow
What is the cost of living index for Lexington-Fayette?
The cost of living index for Lexington-Fayette is not yet available in our database.
What is the median rent in Lexington-Fayette?
The median gross rent in Lexington-Fayette is $1,101 per month according to US Census ACS data.
What is the median household income in Lexington-Fayette?
The median household income in Lexington-Fayette is $67,631 per year.
What is the median home value in Lexington-Fayette?
The median home value in Lexington-Fayette is $272,100 based on the latest Census ACS survey.
How is the air quality in Lexington-Fayette?
Lexington-Fayette has an average Air Quality Index (AQI) of 18.0, which is rated "Good" by the EPA. Lower AQI values indicate cleaner air.
What are the taxes like in Lexington-Fayette?
Kentucky has a top state income tax rate of 4.00% and a statewide sales tax of 6.00% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology