Lexington, South Carolina Cost Of Living

B-

1%

Overall NAT. AVG.

3%

Goods & Services NAT. AVG.

3%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Lexington	South Carolina	National
Cost of living	101	94	100
Goods & Services	103	99	100
Groceries	102	102	100
Health care	87	97	100
Housing	97	80	100
Transportation	77	91	100
Utilities	134	109	100

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Cost Of Living Quick Facts

The cost of living in Lexington is 7% higher than the South Carolina average
The cost of living in Lexington is 1% higher than the national average
Lexington housing is 3% lower 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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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$82,216	$6,851	$1,918	$2,467
Renters	$52,541	$4,378	$1,226	$1,576

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 homeowners, is $82,216. This would allow for a maximum of $1,918 per month to be spent on housing costs. For renters, the median monthly income is $52,541 which would result in a maximum of $1,226 to be spent on rental costs.

South Carolina Sales Tax

State	General Sales Tax	With Max Surtax
South Carolina	6%	9%

South Carolina Income Tax

State	Income Tax (Low)	Income Tax (High)
South Carolina	0%	7%

Goods & Services

Item	Lexington	National avg.	Difference
Haircut	$18.60	$22.08	15.8%
Beauty Salon	$42.36	$42.88	1.2%
Toothpaste	$2.85	$2.57	11.0%
Shampoo	$1.13	$1.15	2.3%
Movie	$11.01	$11.51	4.3%
Bowling	$23.00	$16.62	38.4%

Groceries

Item	Lexington	National avg.	Difference
Ground Beef	$4.64	$4.98	6.8%
Fried Chicken	$1.56	$1.58	1.3%
Milk	$2.36	$2.42	2.3%
Potatoes	$3.45	$3.54	2.4%
Pizza	$10.32	$11.49	10.1%
Beer	$10.87	$10.04	8.3%

Health Care

Item	Lexington	National avg.	Difference
Optometrist	$53.00	$117.76	55.0%
Doctor	$124.17	$125.34	0.9%
Dentist	$82.50	$107.52	23.3%
Ibuprofen	$10.48	$10.26	2.2%
Lipitor	$426.90	$459.24	7.0%

Housing

Item	Lexington	National avg.	Difference
Home Price	$199,400.00	$184,700.00	8.0%
Avg. Mortgage Payment	$1,255.28	$1,697.41	26.0%
Apartment Rent	$1,080.00	$949.00	13.8%

Transportation

Item	Lexington	National avg.	Difference
Gasoline	$3.26	$3.85	15.2%
Tire Balancing	$35.00	$57.01	38.6%

Utilities

Item	Lexington	National avg.	Difference
All Electricity	$280.10	$177.27	58.0%
Phone	$190.68	$189.62	0.6%

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	Population	Cost of Living Index	National Avg.
Springdale CDP, SC	2,355	85	15.4%
Gaston, SC	2,074	89	11.5%
St. Andrews, SC	21,355	91	8.9%
Summit, SC	606	92	7.6%
South Congaree, SC	2,739	93	7.3%
Lexington, SC	21,847	101	0.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Rose Hill, VA	21,846	148	48.2%
Darien, IL	21,843	121	20.6%
Geneva, IL	21,843	122	22.4%
Linda, CA	21,842	103	2.7%
Shelbyville, TN	21,841	84	15.6%
Lexington, SC	21,847	101	0.8%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; this is the most current data available.