Cost of Living in Lexington, KY
Cost of Living in Lexington, KY | Compared to State Average | Compared to National Average |
---|---|---|
Housing (Buy and Rent) | 5% lower | 26% lower |
Utilities (Monthly) | 3% higher | 7% higher |
Food | 3% higher | 4% lower |
Healthcare | 7% lower | 18% lower |
Transportation | 12% lower | 4% lower |
Goods & Services | 8% higher | 6% higher |
The cost of living in Lexington, KY is 2% higher than the state average and 7% lower than the national average. Lexington, KY housing is 26% cheaper than the U.S average, while utilities are about 7% pricier. When it comes to basic necessities such as food and clothing, groceries are around 6% more in Lexington, KY than in the rest of the country, while clothing costs around 6% more .
Healthcare services such as doctor check-ups and dentistry cost 18% less here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 6% pricier 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 $918, while home prices circle around $354,155.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Lexington, energy bills cost around $201.80 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 $2.69 in Lexington, a dozen eggs go for around $2.62 and a pound of potatoes circles around $3.58.
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 $82.96, while a dentist appointment is priced $98.04 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.59 in Lexington, while getting your tires balanced will run you about $54.90.
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 $54.40 here. Meanwhile, a pair of women's slacks will set you back around $52.52.
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 $11.94 a month. When it comes to personal services, a haircut usually goes for $21.48, while dry cleaning costs about $14.98.
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 $73,997.