Cost of Living in Lexington, OH

Population 4,866 · Ohio · Data vintage 2023

59
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Lexington is a smaller Ohio community of around 5000 residents, where median household incomes of $56,068 and housing costs ($184,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. At 7.3%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Lexington is about 55 miles northeast of Columbus, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 22% lower than Columbus' $235,000.

Cost Overview

Housing 60
Rent 58

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Lexington

The median home value in Lexington is $183,500 — 40% below the national median of $305,000. Median rent runs $756/month, 42% lower than the national median of $1,314/month. The median household income of $56,068/year is 25% lower than the US median of $74,580. The local unemployment rate is 7.3%, above the national average of 4.8%. Ohio's top state income tax rate is 3.8% and the combined sales tax is 7.2%. The climate averages highs of 59.9°F and lows of 41.2°F, with about 49.2" of annual snowfall. Overall, Lexington has a cost of living index of 59 versus the US average of 100, meaning it is 41% less expensive.

🏠 Housing

Median Home Value
$183,500
40% below avg
Zillow Home Value
$1,610,315
Zillow ZHVI
Median Rent
$756/mo
42% below avg
Price-to-Rent Ratio
20.2x
Favors renting
Property Tax Rate
1.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$686
1 BR
$748
2 BR
$929
3 BR
$1,199
4 BR
$1,374
Owner-occupied 68.5%
Renter-occupied 31.5%

💰 Estimated Monthly Budget

Rent median rent
$756
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,370/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
23.8 min
12% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
8.1%

Commute Mode

Drove alone
81.5%
Carpooled
10.4%
Work from home
8.1%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 3.8%
Total Sales Tax 7.2%
State rate 5.8%
Avg local rate 1.4%
Property Tax 1.6%

💼 Income & Employment

Median Household Income
$56,068
25% below avg
Per Capita Income
$28,741
Unemployment Rate
7.3%
51% above avg
Poverty Rate
12.9%
Labor Force Participation
59.2%

🎓 Education

Bachelor's degree+ 16.5%
Graduate degree 8.5%

👥 Demographics

Median Age 42
Male median age 41.5
Female median age 42.2

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
59.9°F
Avg Low
41.2°F
Annual Precip
42.5"
Annual Snowfall
49.2"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 343747607179838175635039
Low °F 192129395059626154433325
Precip" 3.222.533.344.274.194.793.863.603.363.163.153.02
Snow" 14.512.77.61.90.00.00.00.00.00.52.39.7

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
20.3:1
Student-teacher ratio
5
Public schools
2,452
Total enrollment

Frequently Asked Questions

What is the cost of living in Lexington, OH?

Lexington has a cost index of 59 (100 = national average). It is 41% below the national average.

What is average rent in Lexington, OH?

The median gross rent in Lexington is $756 per month based on 2023 Census data.

What is the average home price in Lexington?

The median home value in Lexington is $183,500 according to Zillow and Census data.

What is the median income in Lexington?

The median household income in Lexington is $56,068 per year (2023 ACS 5-year estimates).

What is the sales tax in Lexington, OH?

The combined state and local sales tax rate in Lexington is 7.2%. The Ohio state income tax top rate is 3.8%.

Is Lexington, OH affordable?

Yes, Lexington is generally considered affordable, with a cost of living index of 59 — about 41% below the US national average of 100.

What is the weather like in Lexington?

Lexington has average high temperatures of 59.9°F and average lows of 41.2°F. Annual precipitation is 42.5". Average annual snowfall is 49.2". Data from NOAA 1991–2020 Climate Normals.

Lexington at a Glance

Population
4,866
Median Income
$56,068
Home Value
$183,500
Median Rent
$756/mo
Unemployment
7.3%
Avg High Temp
59.9°F
Sales Tax
7.2%
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