What Are the Everyday Living Costs in Lexington, KY in 2024?
The average monthly cost of living in Lexington, KY is $3,466, which is 23% lower than the U.S. average ($4,521). The average monthly cost of rent is $1,281, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,185 per month.
Lexington, KY is ranked 72nd out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered as one of the cheaper cities in which to live in the U.S.
Cost of Living (for Renters / Monthly)
Rent
$1,281
Utilities
$433
Transportation
$138
Groceries
$639
Other
$975
Total
$3,466
What Are the Everyday Living Costs in Lexington, KY in 2024?
The average monthly cost of living in Lexington, KY for singles is $2,290, which is 23% lower than the U.S. average ($2,956). The average monthly cost of rent for singles is $815, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $1,475 per month.
Lexington, KY is ranked 69th out of the 333 most populated cities in the U.S. for having the lowest cost of living for singles. Therefore, it is considered as one of the cheaper cities for singles in which to live in the U.S.
Cost of Living (for Single Renters / Monthly)
Rent
$815
Utilities
$255
Transportation
$71
Groceries
$294
Other
$856
Total
$2,291
What Are the Everyday Living Costs in Lexington, KY in 2024?
The average monthly cost of living in Lexington, KY for couples is $3,416, which is 24% lower than the U.S. average ($4,519). The average monthly cost of rent for couples is $1,286, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,130 per month.
Lexington, KY is ranked 71st out of the 333 most populated cities in the U.S. for having the lowest cost of living for couples. Therefore, it is considered as one of the cheaper cities for couples in which to live in the U.S.
Cost of Living (for Couple Renters / Monthly)
Rent
$1,286
Utilities
$425
Transportation
$143
Groceries
$587
Other
$975
Total
$3,416
What Are the Everyday Living Costs in Lexington, KY in 2024?
The average monthly cost of living in Lexington, KY for single parents is $3,393, which is 19% lower than the U.S. average ($4,172). The average monthly cost of rent for single parents is $1,286, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,107 per month.
Lexington, KY is ranked 80th out of the 333 most populated cities in the U.S. for having the lowest cost of living for single parents. Therefore, it is considered as one of the cheaper cities for single parents in which to live in the U.S.
Cost of Living (for Single Parent Renters / Monthly)
Rent
$1,286
Utilities
$417
Transportation
$119
Groceries
$599
Other
$973
Total
$3,394
What Are the Everyday Living Costs in Lexington, KY in 2024?
The average monthly cost of living in Lexington, KY for families is $4,764, which is 25% lower than the U.S. average ($6,392). The average monthly cost of rent for families is $1,737, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $3,027 per month.
Lexington, KY is ranked 76th out of the 333 most populated cities in the U.S. for having the lowest cost of living for families. Therefore, it is considered as one of the cheaper cities for families in which to live in the U.S.
Cost of Living (for Family Renters / Monthly)
Rent
$1,737
Utilities
$638
Transportation
$218
Groceries
$1,075
Other
$1,096
Total
$4,764
What Salary Do You Need to Live Comfortably in Lexington, KY in 2024?
Overall, on average, a gross annual salary of $56,372 is required for an average quality of life in Lexington, KY.
Is the Cost of Living High in Lexington, KY?
Lexington, KY is ranked 72nd out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered one of the cheaper cities in which to live in the U.S. Lexington, KY's average monthly rent is 39% lower than the U.S. average cost of rent.
Is $50,000 a Good Salary in Lexington, KY in 2024?
A gross annual salary of $50,000 in Lexington, KY will yield an average annual net salary of $43,882. Considering that the total average annual cost of living in Lexington, KY is $41,589, a gross annual salary of $50,000 will be sufficient to cover average living costs.
How Much Should You Pay for Rent in Lexington, KY?
The average monthly rent in Lexington, KY in the city center is $1,105 for a 1 bedroom apartment, $1,404 for a 2 bedroom apartment and $1,706 for a 3 bedroom apartment. Outside the city center, the average monthly rent in is $908 for a 1 bedroom apartment, $1,207 for a 2 bedroom apartment and $1,504 for a 3 bedroom apartment.