Quick facts: Lexington, NE

Quick Facts

94.7
Cost of Living
below US average
10,725
Population
19.3
Crime Rate per 1000
below US average
$63,939
Median Income
below US average
$289,900
Median House Price
above US average
$1313
Average Rent
below US average
9%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $63,939.

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Income Needed to Buy

βœ— Stretch
$91k/year
Based on $289,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $91k vs median $63,939
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Income Needed to Rent

βœ“ Affordable
$56k/year
Based on $1313/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($63,939) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lexington, NE

Lexington, Nebraska, located in Dawson County, is a small city known for its vibrant community and rich agricultural heritage. With a population of around 10,000 residents, Lexington serves as an economic hub for the surrounding rural areas, offering a blend of suburban living and small-town charm. The city boasts a variety of amenities, including parks, recreational facilities, and local shops, making it an attractive destination for families. The Heartland Museum of Military Vehicles is a notable attraction, showcasing a unique collection that highlights the importance of military history. Additionally, the nearby Lake Maloney provides opportunities for fishing, boating, and camping, further enhancing the outdoor lifestyle. Lexington's economy is primarily driven by agriculture, with farming and livestock being significant contributors. The city hosts several annual events, such as the Dawson County Fair, which celebrate local culture and bring the community together. Overall, Lexington combines a welcoming atmosphere with ample recreational options, a rich history, and a strong sense of community, making it a pleasant place to live or visit.

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