Cost of Living in Lexington-Fayette, Kentucky
In Lexington-Fayette, the median household income is $69,479 and the median gross rent is $1,164/mo, with a median home value of $293,500. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $69,479
- Median gross rent
- $1,164/mo
- Median home value
- $293,500
- Population
- 323,725
How Lexington-Fayette compares to the Kentucky average
| Measure | Lexington-Fayette, KY | Kentucky statewide | Difference |
|---|---|---|---|
| Median household income | $69,479 | $63,726 | +9.0% |
| Median gross rent (monthly) | $1,164 | $967 | +20.4% |
| Median home value | $293,500 | $205,600 | +42.8% |
Statewide, Kentucky prices average 90.2 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Lexington-Fayette
- Salary needed for median rent
- $46,560
- Rent burden at median income
- 20.1%
- Est. affordable home price
- $253,455
So that $1,164/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Lexington-Fayette is $293,500 — +15.8% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Kentucky cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.