Quick facts: Lexington, SC

Quick Facts

102.3
Cost of Living
above US average
24,626
Population
19.04
Crime Rate per 1000
below US average
$78,164
Median Income
below US average
$361,941
Median House Price
above US average
$1620
Average Rent
above US average
9%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $78,164.

🏠

Income Needed to Buy

βœ— Stretch
$114k/year
Based on $361,941 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $114k vs median $78,164
🏒

Income Needed to Rent

βœ“ Affordable
$69k/year
Based on $1620/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($78,164) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lexington, SC

Lexington, South Carolina, is a vibrant town nestled just west of the state capital, Columbia. Known for its charming small-town atmosphere, Lexington offers a blend of suburban living and access to urban amenities. The town features a rich history dating back to the Revolutionary War, with several historical sites and landmarks. Lexington boasts a variety of outdoor recreational activities, particularly at Lake Murray, a popular spot for fishing, boating, and picnicking. The town also offers numerous parks, walking trails, and community events that foster local engagement and pride. The local economy is supported by a mix of small businesses and larger retail establishments, making it a thriving hub for shopping and dining. Lexington's educational system is well-regarded, with a strong focus on community engagement and student achievement. With its friendly community, excellent schools, and convenient access to Columbia, Lexington is an attractive place to live, work, and play, making it a desirable location for families and individuals alike.

πŸ” Search & Compare Places

First Location πŸ“