Cost of Living in Lexington, MO
Population 4,602 · Missouri · Data vintage 2023
(100 = US avg)
Buyers in Lexington can reasonably expect a home to cost less than three years of household income — $153,000 against $70,134 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country.
Located 25 miles east of Independence, Lexington falls within that metro's commuting orbit. Median home values run roughly 8% lower than Independence's $166,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lexington
The median home value in Lexington is $153,300 — 50% below the national median of $305,000. Median rent runs $713/month, 46% lower than the national median of $1,314/month. The median household income of $70,134/year is 6% lower than the US median of $74,580. The local unemployment rate is 4.0%, below the national average of 4.8%. Missouri's top state income tax rate is 5.0% and the combined sales tax is 8.4%. Overall, Lexington has a cost of living index of 52 versus the US average of 100, meaning it is 48% less expensive.
Lexington has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Lexington, MO?
Lexington has a cost index of 52 (100 = national average). It is 48% below the national average.
What is average rent in Lexington, MO?
The median gross rent in Lexington is $713 per month based on 2023 Census data.
What is the average home price in Lexington?
The median home value in Lexington is $153,300 according to Zillow and Census data.
What is the median income in Lexington?
The median household income in Lexington is $70,134 per year (2023 ACS 5-year estimates).
What is the sales tax in Lexington, MO?
The combined state and local sales tax rate in Lexington is 8.4%. The Missouri state income tax top rate is 5.0%.
Is Lexington, MO affordable?
Yes, Lexington is generally considered affordable, with a cost of living index of 52 — about 48% below the US national average of 100.
Lexington at a Glance
- Population
- 4,602
- Median Income
- $70,134
- Home Value
- $153,300
- Median Rent
- $713/mo
- Unemployment
- 4.0%
- Sales Tax
- 8.4%
Nearby Cities
Explore county-level cost of living data
Missouri Rankings
Similar Cost Cities
Cities in other states with comparable housing costs