Cost of Living in Lexington, SC
Housing
The housing market plays a significant role in determining the cost of living in Lexington, SC.
- Housing Index: 99.6 / 100
- Median Home Price is: $280,000
- Average Rent (2 BR Apartment): $1620 per month
- Average Rent (2 BR House): $1761 per month
When considering a move to Lexington, SC, it's essential to factor in the average housing costs. With a housing index of 99.6, indicated below the national average, affordability is within reach. The median home price is 280000, making homeownership viable for many. Both 2-bedroom apartment and house rents are pegged at 1620 which provides flexibility in choosing the right living arrangement. This balance of costs can appeal to young families and retirees alike looking for a community that supports diverse lifestyle choices and economic opportunities.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lexington, SC.
- Electricity Price: $14.18 USD (median by state)
- Natural Gas Price: $23.51 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $224 per month
Living in Lexington, SC could entail higher utility costs. Electricity costs sit at $14.18, while natural gas is priced at $23.51 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $224 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.