Lexington city, Virginia
Income Data
At a Glance
How Lexington city Compares
Detailed Income Statistics
Data Story
About Household Income in Lexington city, Virginia
Lexington earners exceed nation by 20%
Lexington city's median household income of $89,598 surpasses the national median of $74,755 by $14,843, placing the community in America's upper-income tier. This 20% advantage reflects Lexington's status as a prosperous small city with strong institutional and educational employment.
Strong earner among Virginia's cities
Lexington's median household income of $89,598 exceeds Virginia's state average of $74,957 by nearly $15,000. The city ranks among Virginia's most prosperous communities, driven by Washington and Lee University and VMI military college employment.
Competitive with wealthier eastern counties
Lexington's $89,598 median household income trails only King George County ($110,517) among the eastern Virginia region analyzed, exceeding King William ($85,212), King and Queen ($72,851), and Lancaster ($67,169). The city represents a robust economic center for its region.
Excellent housing affordability for earners
At 13.2%, Lexington's rent-to-income ratio is the lowest of any county analyzed, indicating exceptional housing affordability. With median home values at $275,300 and strong incomes, Lexington households enjoy comfortable housing costs that leave substantial room for savings and investment.
Leverage affordability for aggressive investing
Lexington residents benefit from the nation's best rent-to-income ratio at 13.2%, freeing up substantial income for wealth building. With extra cashflow from affordable housing, households should maximize retirement contributions and establish diverse investment portfolios targeting 15-20% of gross income.
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County median: $89,598 per year
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vs. State Average
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.