Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
New Lexington, Ohio is a small city with a population of 4,707 residents. The majority of New Lexington residents report their race to be White; this is followed by Black and Asian. New Lexington is not known to have a high population (over 15 years old) of married people. At only 48% married, this city falls well below the national average. If you're not a fan of traffic congestion and long commute times to work, New Lexington is the place to be. Commutes to work here are shorter, with an average one-way commute time taking only 21 minutes, significantly lower than the national average of 26 minutes.
Are you trying to ascertain if living in New Lexington is the right fit for your lifestyle? To ensure a good experience before moving to any new city in Ohio, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. Using the livability score which includes data from categories like amenities, crime, commute, housing, you can easily compare the best places to live in New Lexington and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare New Lexington to Ohio and the national average.
Using data and statistics New Lexington has received a livability score of 63 out of 100. This score is ranked in the 55th percentile when compared to all other cities. For each of the livability categories, we know that New Lexington ranks very well for housing (A-). There are some categories that New Lexington ranks poorly for, including: amenities (F) and employment (D). It might be worth taking a closer look to determine why.
Striving for a cost-effective lifestyle becomes increasingly essential, especially in light of the ongoing upward trajectory of everyday goods and services. In New Lexington, residents enjoy the privilege of a cost of living that is 20.27% below the national average. This favorable positioning extends its influence across a broad spectrum of expenses, encompassing not only goods and services but also housing costs, groceries and healthcare costs. Consequently, this locale emerges as a hub where your financial resources go further, allowing you to maintain an economical and sustainable way of life. This affordability becomes increasingly significant in an era marked by escalating expenses, rendering New Lexington an appealing destination for those in pursuit of financial prudence without sacrificing their quality of life.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In New Lexington, the unemployment rate stands at 0.27%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, New Lexington has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in New Lexington. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in New Lexington are affordable. Median real estate prices in New Lexington come in at $86,800, which is 34.2% lower than the Ohio average. The home price to income ratio compares the median home prices to the median household income. In New Lexington, the home price to income ratio is 2.3, which is 11.5% lower than the Ohio average.
| Statistic | New Lexington | Ohio | National |
| Average one way commute | 21min | 23min | 26min |
| Workers who drive to work | 80.5% | 83.4% | 76.4% |
| Workers who carpool | 14.1% | 7.8% | 9.3% |
| Workers who take public transit | 0.0% | 1.7% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 1.0% | 2.3% | 2.8% |
| Working from home | 0.0% | 3.7% | 4.6% |
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