salaryRent is lower than in 84% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 16.1 minutes.
How much money do I need?
To rent here comfortably, you should earn about $42,720 a year. That is $21 an hour at a full-time job.
Is rent cheaper than other Nebraska cities?
Yes. Rent here is cheaper than in most of Nebraska. It is number 16 of 34 cities from cheapest to most expensive.
How much do households earn in Lexington?
Share of households by yearly income. 14.8% of households earn $100,000 or more.
Rent by apartment size in Lexington
| Size | Lexington | U.S. average |
|---|---|---|
| Studio | $634 | $1,338 |
| 1 bedroom | $794 | $1,324 |
| 2 bedrooms | $1,031 | $1,509 |
| 3 bedrooms | $1,202 | $1,698 |
| 4 bedrooms | $1,066 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lexington overall?
Everyday prices in Nebraska overall are 10% below the U.S. average (index 90.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Lexington, so the Nebraska figure is shown.
Taxes and bills in Lexington
Life in Lexington
Is it cheaper to rent or buy in Lexington?
About the same. Renting and owning cost within $36 of each other each month.
Owning assumes a typical $159,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,910 for the down payment.
Frequently asked questions
What is the average rent in Lexington, NE?
Renting in Lexington costs a median of about $1,068 a month in 2026, including utilities. The Nebraska median is $1,096.
How much do I need to make to live in Lexington?
To keep rent under 30% of income, you need about $42,720 a year, or $21 an hour at a full-time job.
Is Lexington cheap or expensive?
Lexington is rated Cheap: rent takes 17.6% of the typical household income of $72,978. It ranks 16th cheapest of 34 Nebraska cities we track.
How much are property taxes in Lexington?
The median homeowner in Lexington pays $1,985 a year in property taxes, about 1.25% of the median home value.
Is Lexington more expensive than the national average?
Overall prices in Nebraska are 10% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Lexington?
The median home value in Lexington is $159,100, about 2.2 times the typical yearly household income.
10,862 people live in Lexington. Numbers are typical (middle) values.