Cost of Living in Lexington, NE

Housing

The housing market plays a significant role in determining the cost of living in Lexington, NE.

• Housing Index: 85.0 / 100
• Median Home Price is: $202000
• Average Rent (2 BR Apartment): $950 per month
• Average Rent (2 BR House): $960 per month

When considering a move to Lexington, NE, the housing market appears relatively affordable with a housing index of 85.0. The median home price of 202000 suggests homeownership is within reach for many, especially compared to the average rent of 950 for a 2-bedroom apartment and 960 for a 2-bedroom house. Such rental prices may incentivize potential buyers to invest instead in property. Additionally, with sustained trends showing an increase in population, now could be an opportune time to make a smart investment in this area.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lexington, NE.

• Electricity Price: 12.92 USD (median by state)
• Natural Gas Price: $13.89 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $200 per month

Living in Lexington, NE could entail higher utility costs. Electricity costs sit at 12.92, while natural gas is priced at 13.89 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 200 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 90.2

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $63939

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Lexington, NE, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.