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.
IndexLexingtonOhioNational
Cost of living index8791100
IndexLexingtonOhioNational
Goods & Services index88100100
Groceries index9998100
Health care index8596100
Housing index7373100
Transportation index95102100
Utilities index9891100
Here we can see a simple outline of the cost of living in Lexington, OH. As you can see, with the average cost of living in Lexington, OH being 87, that puts it 5% lower than the average of Ohio and 13% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Lexington, OH, the price of goods and services are 11% lower than the average of Ohio as well as 12% lower than the nation's average.
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Did you know?

  • The cost of living in Lexington is 5% lower than the Ohio average.
  • The cost of living in Lexington is 13% lower than the national average.
  • The cost of housing in Lexington is 27% lower than the national average.
  • Ohio general sales tax is 13% higher than the national average.
  • Ohio state income tax is 28% higher than the national average.

Compare Lexington, OH Cost of living To Other Cities

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      The salary calculator is used in order to provide a comparison of your current salary in Lexington, OH to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Lexington, OH, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Lexington, OH salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$61,920$5,160$1,445$1,858
      Renters$25,257$2,105$589$758
      How much of your monthly income goes to housing can tell you whether or not you can afford housing in Lexington, OH, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Lexington, OH homeowners have a median income of $61,920. Using that number, you will come up with a maximum of $1,445 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $25,257, which means there is a maximum of $589 to be spent on the costs of renting a home or apartment.

      Ohio Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Ohio5.75%8%

      Ohio Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Ohio2.85%4.797%
      One thing to keep in mind when considering the cost of living in Lexington, OH is the Ohio sales tax and Ohio income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Ohio sales tax rate is 5.75% and the maximum surtax that can be charged is 8%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Ohio income tax rates range from 2.85% to 4.797%.

      Goods & Services

      ItemLexingtonNational avg.Difference
      Haircut $13.00$17.4925.7%
      Beauty Salon $26.62$38.1730.3%
      Toothpaste $2.41$2.324.0%
      Shampoo $0.97$1.014.1%
      Movie $8.84$10.7217.6%
      Bowling $4.25$13.8669.3%

      Groceries

      ItemLexingtonNational avg.Difference
      Ground Beef $3.65$3.906.5%
      Fried Chicken $1.71$1.4022.8%
      Milk $1.96$1.960.1%
      Potatoes $2.34$3.1826.4%
      Pizza $8.99$10.3913.5%
      Beer $8.24$9.2310.7%

      Health Care

      ItemLexingtonNational avg.Difference
      Optometrist $90.64$106.3414.8%
      Doctor $85.00$115.2526.2%
      Dentist $69.25$98.3829.6%
      Ibuprofen $8.85$9.264.4%
      Lipitor $454.34$466.472.6%

      Housing

      ItemLexingtonNational avg.Difference
      Home Price $134,900.00$184,700.0027.0%
      Avg. Mortgage Payment $719.54$1,273.3243.5%
      Apartment Rent $702.00$949.0026.0%

      Transportation

      ItemLexingtonNational avg.Difference
      Gasoline $2.31$2.5910.9%
      Tire Balancing $37.13$48.9024.1%

      Utilities

      ItemLexingtonNational avg.Difference
      All Electricity$163.54$167.602.4%
      Phone $27.99$163.4282.9%
      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.
      Mifflin, OH12177-23%
      Iberia, OH67477-23%
      Crestline, OH4,46378-22%
      Galion, OH10,24578-22%
      Perrysville, OH86479-21%
      Lexington, OH5,48487-13%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Stroudsburg, PA5,48698-2%
      Brady, TX5,48279-21%
      Carrollton, VA5,48111313%
      Wake Village, TX5,48184-16%
      Lindale, TX5,48892-8%
      Lexington, OH5,48487-13%
      Source: The Lexington, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.