Cost of Living in Lexington, NE
Housing
The housing market plays a significant role in determining the cost of living in Lexington, NE.
- Housing Index: 89.7 / 100
- Median Home Price is: $202,000
- Average Rent (2 BR Apartment): $1313 per month
- Average Rent (2 BR House): $1427 per month
When considering a move to Lexington, NE, the housing market appears relatively affordable with a housing index of 89.7. The median home price of 202000 suggests homeownership is within reach for many, especially compared to the average rent of 1313 for a 2-bedroom apartment and 1427 for a 2-bedroom house. Such rental prices may incentivize potential buyers to invest instead in property. Additionally, with sustained trends showing an increase in population, now could be an opportune time to make a smart investment in this area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lexington, NE.
- Electricity Price: $12.92 USD (median by state)
- Natural Gas Price: $13.89 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $221 per month
Living in Lexington, NE could entail higher utility costs. Electricity costs sit at $12.92, while natural gas is priced at $13.89 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $221 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Lexington is a financially viable option for your relocation.