Cost of Living in Lexington, NE
Population 10,693 · Nebraska · Data vintage 2023
(100 = US avg)
Lexington is a smaller Nebraska community of around 11000 residents, where median household incomes of $62,364 and housing costs ($155,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. The labor market has been unusually tight, with unemployment around 2.8% — below most comparable cities in the state.
Located 160 miles west of Lincoln, Lexington is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 37% lower than Lincoln's $248,000.
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 $155,200 — 49% below the national median of $305,000. Median rent runs $921/month, 30% lower than the national median of $1,314/month. The median household income of $62,364/year is 16% lower than the US median of $74,580. The local unemployment rate is 2.8%, below the national average of 4.8%. Nebraska's top state income tax rate is 5.8% and the combined sales tax is 6.9%. Overall, Lexington has a cost of living index of 59 versus the US average of 100, meaning it is 41% less expensive.
🏠 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, NE?
Lexington has a cost index of 59 (100 = national average). It is 41% below the national average.
What is average rent in Lexington, NE?
The median gross rent in Lexington is $921 per month based on 2023 Census data.
What is the average home price in Lexington?
The median home value in Lexington is $155,200 according to Zillow and Census data.
What is the median income in Lexington?
The median household income in Lexington is $62,364 per year (2023 ACS 5-year estimates).
What is the sales tax in Lexington, NE?
The combined state and local sales tax rate in Lexington is 6.9%. The Nebraska state income tax top rate is 5.8%.
Is Lexington, NE affordable?
Yes, Lexington is generally considered affordable, with a cost of living index of 59 — about 41% below the US national average of 100.
Lexington at a Glance
- Population
- 10,693
- Median Income
- $62,364
- Home Value
- $155,200
- Median Rent
- $921/mo
- Unemployment
- 2.8%
- Sales Tax
- 6.9%
Nearby Cities
Explore county-level cost of living data
Nebraska Rankings
Similar Cost Cities
Cities in other states with comparable housing costs