Cost of Living in Lexington, NC
Housing
The housing market plays a significant role in determining the cost of living in Lexington, NC.
- Housing Index: 85.0 / 100
- Median Home Price is: $166,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1300 per month
When considering a move to Lexington, NC, the housing index of 85.0 suggests affordability, particularly for potential buyers and renters alike. The median home price is quite reasonable at 166000, especially compared to many urban areas. Renters can expect to pay an average of 1200 for a 2-bedroom apartment or 1300 for a house, offering flexibility depending on your lifestyle preferences. Generally, this represents a favorable environment for those looking to settle into an affordable community while maintaining a good quality of life.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lexington, NC.
- Electricity Price: $13.72 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Lexington, NC could entail higher utility costs. Electricity costs sit at $13.72, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 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.