Cost Of Living in Lexington, TN

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Lexington	Tennessee	National
Cost of living	85	89	100
Goods & Services	94	94	100
Groceries	97	98	100
Health care	87	88	100
Housing	70	80	100
Transportation	89	89	100
Utilities	86	93	100

New Real Estate Listings in Lexington Area

For Sale For Rent

Search

Search Homes for Sale in Lexington, TN

See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

The cost of living in Lexington is 4% lower than the Tennessee average
The cost of living in Lexington is 15% lower than the national average
Lexington housing is 30% lower than the national average
Tennessee general sales tax is 37% higher than the national average
Tennessee state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Lexington

See all the best places to live around Lexington

Compare Lexington, TN Cost of Living

Write a review to give others more information about this area.

See all Lexington poll results

The best places in Tennessee

Here are the best places to live in Tennessee

These are the largest cities in Tennessee

Check out the 10 most dangerous cities in Tennessee

See the best places to live in Lexington

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$62,321	$5,193	$1,454	$1,870
Renters	$17,683	$1,474	$413	$531

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Lexington, TN, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Lexington homeowners, is $62,321. This would allow for a maximum of $1,454 per month to be spent on housing costs. For renters, the median monthly income is $17,683 which would result in a maximum of $413 to be spent on rental costs.

Tennessee Sales Tax

State	General Sales Tax	With Max Surtax
Tennessee	7%	9.75%

Tennessee Income Tax

State	Income Tax (Low)	Income Tax (High)
Tennessee	0%	0%

Goods & Services

Item	Lexington	National avg.	Difference
Haircut	$24.01	$24.26	1.0%
Beauty Salon	$33.55	$45.56	26.4%
Toothpaste	$3.74	$3.70	1.1%
Shampoo	$1.08	$1.28	15.9%
Movie	$11.93	$12.13	1.7%
Bowling	$12.50	$18.00	30.6%

Groceries

Item	Lexington	National avg.	Difference
Ground Beef	$5.94	$5.84	1.7%
Fried Chicken	$1.67	$1.57	6.2%
Milk	$4.54	$4.67	2.8%
Potatoes	$5.03	$4.93	1.9%
Pizza	$12.00	$12.09	0.7%
Beer	$9.74	$10.41	6.5%

Health Care

Item	Lexington	National avg.	Difference
Optometrist	$127.08	$125.68	1.1%
Doctor	$138.39	$135.78	1.9%
Dentist	$86.67	$113.29	23.5%
Ibuprofen	$10.10	$10.65	5.2%
Lipitor	$338.33	$468.60	27.8%

Housing

Item	Lexington	National avg.	Difference
Home Price	$128,200.00	$184,700.00	30.6%
Avg. Mortgage Payment	$1,691.70	$2,346.69	27.9%
Apartment Rent	$672.00	$949.00	29.2%

Transportation

Item	Lexington	National avg.	Difference
Gasoline	$3.15	$3.46	9.0%
Tire Balancing	$50.50	$59.92	15.7%

Utilities

Item	Lexington	National avg.	Difference
All Electricity	$148.29	$193.99	23.6%
Phone	$192.18	$192.25	0.0%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Darden, TN	372	92	8.0%
Scotts Hill, TN	1,320	80	19.6%
Clarksburg, TN	918	81	19.0%
Henderson, TN	6,323	82	18.0%
Sardis, TN	366	83	17.0%
Lexington, TN	7,838	85	14.7%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Olivette, MO	7,837	120	19.6%
Carnegie, PA	7,839	93	7.1%
Etowah, NC	7,840	105	4.6%
Brevard, NC	7,841	102	2.4%
Ashland, WI	7,841	90	10.3%
Lexington, TN	7,838	85	14.7%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Lexington, TN