Lexington vs Springfield
Cost of Living Comparison · 2026
Lexington
Springfield
The Verdict
Springfield is 10.7% less expensive than Lexington overall. A household earning $75,000 in Lexington would need approximately $67,742 in Springfield to maintain the same standard of living.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Lexington has the same purchasing power as $67,742 in Springfield.
Conversely, $75,000 in Springfield equals $83,036 in Lexington.
Living in Lexington vs Springfield
Housing Costs
Lexington's housing index of 82 is higher Springfield's 67, translating to median home prices of $245,000 vs $225,000. The $20,000 difference in home prices means roughly $1,296 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,200/mo in Lexington compared to $950/mo in Springfield, a monthly difference of $250.
Grocery & Food Costs
Grocery expenses index at 96 in Lexington and 94 in Springfield. A household spending the national average of $475/month on groceries would pay approximately $456/month in Lexington vs $447/month in Springfield. The difference in grocery costs between these cities is relatively minor and unlikely to be a deciding factor in relocation.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 91 in Lexington and 79 in Springfield. Monthly utility bills average approximately $364 in Lexington vs $316 in Springfield. Climate differences between the two cities drive much of this gap, with heating and cooling costs varying substantially by region.
Healthcare
Healthcare costs index at 94 in Lexington and 116 in Springfield. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 22-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $55,648 in Lexington and $46,000 in Springfield. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $59,837 and $54,762 respectively. Lexington residents enjoy stronger real purchasing power despite higher nominal wages.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $1,298/month to housing in Lexington vs $1,073/month in Springfield. In Lexington, median rent of $1,200/mo fits within this budget. In Springfield, median rent of $950/mo remains manageable. The biggest category-level difference between these two cities is Healthcare, where the gap is 22 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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