Lexington vs Austin

Category-by-Category Breakdown

Index values shown. National average = 100. Lower is cheaper.

💰 Salary Equivalence

To maintain the same standard of living:

See exact take-home pay: Kentucky salaries · Texas salaries

Living in Lexington vs Austin

Housing is typically the biggest factor in any cost-of-living comparison. Lexington has a housing index of 82 while Austin sits at 123 (national average = 100). The median home in Lexington costs $245,000 compared to $430,000 in Austin, a difference of $185,000. Monthly rent follows a similar pattern: $1,200 in Lexington versus $1,700 in Austin.

Groceries and everyday expenses show a narrower gap: Lexington scores 96 while Austin scores 96. Both cities are close to the national average for grocery costs.

Healthcare costs in Lexington (94) are lower than Austin (97). Both are close to the national average.

Median household income in Lexington is $55,648 compared to $75,413 in Austin. When adjusted for cost of living, income goes further in Lexington.

Relocating: Lexington vs Austin

If you are considering a move between Lexington (index: 93) and Austin (index: 107), the 13% cost difference has real implications for your budget. Lexington is the more affordable option, but the right choice depends on your income, career opportunities, and lifestyle priorities.

Housing budget reality: Using the 28% rule (spending no more than 28% of gross income on housing), the median household in Lexington can afford $1,298/month, while the median household in Austin can afford $1,760/month. With median homes at $245,000 in Lexington versus $430,000 in Austin, homeownership requires above-median income in the pricier market.

Renting vs buying: At $1,200/month in Lexington and $1,700/month in Austin, renters save significantly in Lexington. The rent-to-own ratio in each city determines whether renting or buying offers better value for your situation.

Income adjustment: A $75,000 salary goes further in Lexington where costs are 7% below the national average. Before accepting a job in either city, use the salary equivalence data above to understand what you would need to earn to maintain your current standard of living.

Reading These Numbers: Lexington (93) vs Austin (107)

The cost of living index uses 100 as the national average. Lexington at 93 is 7% below the US average, while Austin at 107 is 7% above average. Both cities are close to the national average in overall costs.

A 14-point index spread separates Austin from Lexington, a moderate gap that adds up across monthly bills but is manageable with a typical dual-income household budget. The biggest category divergence is housing, where Lexington scores 82 and Austin scores 123. That 41-point gap is the primary driver of the overall cost difference between these two metros. Housing, the largest line item for most households, favors Lexington with indices of 82 versus 123. Median home prices of $245,000 in Lexington and $430,000 in Austin underscore this gap.

For renters: With median rents of $1,200/month in Lexington and $1,700/month in Austin, the annual rent difference is approximately $6,000. Over a 5-year period, that compounds to $30,000 in savings by choosing the more affordable city.

For homebuyers: The $185,000 difference in median home prices between Lexington and Austin translates to roughly $11,100 per month in mortgage payments at current rates. Factor this into your budget alongside property taxes and insurance, which also vary by location.

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