Lexington cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexLexingtonSouth CarolinaNational
Cost of living index10295100
IndexLexingtonSouth CarolinaNational
Goods & Services index102101100
Groceries index111109100
Health care index98100100
Housing index10180100
Transportation index9693100
Utilities index98104100
An overview of the general cost of living index for Lexington, SC is displayed above for your reference. Residents in Lexington, SC enjoy a cost of living index of 102. This index is 7% higher than the South Carolina average, and 2% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Lexington, SC, the average cost of goods and services is 2% higher than it is in South Carolina, and it is 2% higher than the national average.

Did you know?

  • The cost of living in Lexington is 7% higher than the South Carolina average.
  • The cost of living in Lexington is 2% higher than the national average.
  • The cost of housing in Lexington is 1% higher than the national average.
  • South Carolina general sales tax is 18% higher than the national average.
  • South Carolina state income tax is 100% lower than the national average.

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Compare Lexington, SC Cost of living To Other Cities

Salary Calculator

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Health care index
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Transportation index
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Use the salary calculator to compare your current income in Lexington, SC to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Lexington, SC, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Lexington, SC salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Lexington, SC 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, SC homeowners, is $81,996. This would allow for a maximum of $1,913 per month to be spent on housing costs. For renters, the median monthly income is $38,462 which would result in a maximum of $897 to be spent on rental costs.

South Carolina Sales Tax

StateGeneral Sales TaxWith Max Surtax
South Carolina6%9%

South Carolina Income Tax

StateIncome Tax (Low)Income Tax (High)
South Carolina0%7%
When considering the overall cost of living expenses in Lexington, SC, it's important to take into account the sales tax for South Carolina, as well as the rate for income tax in South Carolina. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for South Carolina is 9%, and the sales tax in the state of South Carolina is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in South Carolina starts from 0% and goes up to 7%.

Goods & Services

ItemLexingtonNational avg.Difference
Haircut $17.33$14.5918.8%
Beauty Salon $38.33$34.6810.5%
Toothpaste $3.46$2.4739.9%
Shampoo $1.34$1.0231.1%
Movie $13.26$9.8734.4%
Bowling $3.88$4.3911.7%


ItemLexingtonNational avg.Difference
Ground Beef $5.49$4.4822.6%
Fried Chicken $1.49$1.461.8%
Milk $2.77$2.3617.5%
Potatoes $3.59$3.0617.3%
Pizza $7.99$9.2413.6%
Beer $8.41$8.632.6%

Health Care

ItemLexingtonNational avg.Difference
Optometrist $97.50$99.782.3%
Doctor $97.50$105.037.2%
Dentist $85.00$88.704.2%
Ibuprofen $9.49$9.410.8%
Lipitor $319.22$298.506.9%


ItemLexingtonNational avg.Difference
Home Price $175,000.00$175,700.000.4%
Avg. Mortgage Payment $734.00$1,081.0332.1%
Apartment Rent $945.00$920.002.7%


ItemLexingtonNational avg.Difference
Gasoline $2.00$2.094.4%
Tire Balancing $44.00$45.292.8%


ItemLexingtonNational avg.Difference
All Electricity$178.74$170.804.7%
Phone $24.99$28.2611.6%
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, StatePopulationCost of Living IndexNational Avg.
Springdale, SC2,21687-13%
Gaston, SC1,57189-11%
St. Andrews, SC21,29891-9%
Dentsville, SC14,12293-7%
South Congaree, SC2,47593-7%
Lexington, SC19,0071022%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Pickerington, OH19,01497-3%
Hanahan, SC18,9991033%
Montrose, CO19,0181022%
Albany, CA19,02017575%
Ottawa, IL18,99293-7%
Lexington, SC19,0071022%
Source: The Lexington, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.