Housing costs in Lexington?
A typical home costs
$1,322,600, which is 291.2% more expensive than the national average of
$338,100 and 137.3% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Lexington costs
$3,800 per month, which is 165.7% more than the national average of
$1,430 and 43.7% more than the state average of
$2,140.
Can I afford Lexington?
To live comfortably in Lexington, Massachusetts, a minimum annual income of
$253,440 for a family, and
$125,200 for a single person is recommended.
What does A.I. say about Lexington?
The cost of living in Lexington, MA is quite high compared to other areas. The median home value in Lexington is approximately $802,500 and the median household income is about $138,100. This means that to live comfortably in Lexington you often need to have a higher-than-average income. On the other hand, the city has a low unemployment rate and its citizens enjoy excellent public services such as quality schools and parks as well as historic sites with rich cultural appeal. All of these factors contribute to making Lexington a desirable place to live despite its high cost of living.