Cost of Living in Lexington, TN
Housing
The housing market plays a significant role in determining the cost of living in Lexington, TN.
- Housing Index: 98.5 / 100
- Median Home Price is: $198,000
- Average Rent (2 BR Apartment): $1602 per month
- Average Rent (2 BR House): $1741 per month
Considering a move to Lexington, TN? The housing index currently stands at 98.5, which suggests a competitive market. The median home price is relatively affordable at 198000, making it an attractive option for buyers. However, it's worth noting that average rents for 2-bedroom apartments and houses are both at 1602 and 1741 respectively, indicating potential challenges for renters. Evaluate the amenities and location desirability alongside these figures to ensure a well-rounded decision. Remember, quality of life factors are just as important as the numbers.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lexington, TN.
- Electricity Price: $12.57 USD (median by state)
- Natural Gas Price: $12.35 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $238 per month
Living in Lexington, TN could entail higher utility costs. Electricity costs sit at $12.57, while natural gas is priced at $12.35 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $238 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.