Housing costs in Lexington-Fayette?
A typical home costs
$310,600, which is 8.1% less expensive than the national average of
$338,100 and 59.9% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Lexington-Fayette costs
$1,420 per month, which is 54.3% more than the national average of
$920 and 27.5% more than the state average of
$1,030.
Can I afford Lexington-Fayette?
To live comfortably in Lexington-Fayette (zip 40514), Kentucky, a minimum annual income of
$59,400 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Lexington-Fayette?
The cost of living in 40514 Lexington-Fayette, KY is considered to be high compared to the national average. The median home cost is $204,800, which is higher than the national average of approximately $184,700. The median rent is also slightly higher than the national average at around $1,163 per month compared to the national average of $949 per month. Groceries and utilities are slightly lower than the national averages however, with groceries at an estimated 8% lower and utilities estimated to be around 4% lower than the US averages. Overall, the cost of living in 40514 Lexington-Fayette, KY is high when compared to the rest of America.