Lexington city, Virginia

Income Data

+20% vs. Virginia average
$89,598
Median Household Income
$30,839
Per Capita Income

At a Glance

Median Household Income
$89,598
+20% vs. state avg
Per Capita Income
$30,839
-22% vs. national
Income-to-Housing Ratio
32.5%
income as % of home value
Rank in Virginia
#33 / 133
by median household income

How Lexington city Compares

Lexington city$89,598
Virginia Average$74,957
National Median$74,755

Detailed Income Statistics

$89,598
Median Household Income
$30,839
Per Capita Income
$275,300
Median Home Value
32.5%
Income-to-Housing Ratio

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.

Frequently Asked Questions

What is the median household income in Lexington city, Virginia?
The median household income in Lexington city, Virginia is $89,598, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Lexington city?
The per capita income in Lexington city is $30,839, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $89,598.
How does Lexington city compare to the Virginia average?
Lexington city's median household income of $89,598 is higher than the Virginia state average of $74,957. The per capita income is $30,839, compared to the state average of $39,155.
What is the per capita income in Lexington city, Virginia?
The per capita income in Lexington city, Virginia is $30,839, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Lexington city income higher than the Virginia average?
Lexington city's median household income of $89,598 is higher than the Virginia average of $74,957. This difference of $14,641 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Lexington city rank for income in Virginia?
Lexington city ranks #33 out of 133 counties in Virginia by median household income (1 = highest). With a median household income of $89,598 and per capita income of $30,839, it falls in the top third of counties statewide.

Income Comparison Calculator

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County median: $89,598 per year

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vs. State Average

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.