Housing costs in Lexington-Fayette?
A typical home costs
$177,800, which is 47.4% less expensive than the national average of
$338,100 and 8.5% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Lexington-Fayette costs
$980 per month, which is 6.5% more than the national average of
$920 and 5.1% cheaper than the state average of
$1,030.
Can I afford Lexington-Fayette?
To live comfortably in Lexington-Fayette (zip 40505), Kentucky, a minimum annual income of
$34,200 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Lexington-Fayette?
The cost of living in 40505 Lexington-Fayette, KY is fairly high. According to the latest data, the median home value is around $205,000, and the median rent price is approximately $1,199 per month. Grocery prices are also higher than average compared to other cities. The overall cost of goods and services are comparably more expensive than the rest of the US. Despite this, it is a desirable place to live due to its low unemployment rate and various job opportunities available in the area.