What is the median household income in Lexington, VA?

The median household income in Lexington, VA is $84,517 (±$16,517) a year (2020–2024 American Community Survey).

Paying the median gross rent of $1,081 a month would take about $43,200 a year at the common guideline of spending no more than 30% of income on rent.

In Lexington, the median household income went from $42,632 in 2015–2019 to $84,517 in 2020–2024 (+98.2%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on .

Median household income
$84,517 (±$16,517)
Income to afford median rent
about $43,200

Income in Lexington against Lexington city, its state and the nation

Income, estimate (90% margin of error)
LexingtonLexington cityVirginiaUnited States
Median household income$84,517 (±$16,517)$84,517 (±$16,517)$93,170 (±$458)$80,734
Median renter household income——$60,343 (±$529)$52,966
Median owner household income$104,568 (±$7,244)$104,568 (±$7,244)$114,147 (±$479)$100,009
Median gross rent$1,081 (±$182)$1,081 (±$182)$1,579 (±$8)$1,413

In Lexington, median household income is not measurably different from Lexington city ($84,517).

It is not measurably different from Virginia ($93,170).

It is not measurably different from the national figure ($80,734).

Statewide, it ranks 201 of 456.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How much you need to earn to rent in Lexington

Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.

At that guideline, the median gross rent of $1,081 a month ($12,972 a year) needs an income of about $43,200 a year.

This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.

Income against housing costs since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median household income$42,632 (±$9,155)$84,517 (±$16,517)+98.2%Up after inflation
Median gross rent$788 (±$69)$1,081 (±$182)+37.2%No measurable change after inflation
Median home value$235,700 (±$64,307)$275,200 (±$46,191)+16.8%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median household income in places near Lexington

Nearest places with a published estimate, compared with Lexington
PlaceDistanceMedian household incomeCompared with this place
Lexington—$84,517 (±$16,517)—
East Lexington2.0 mi$64,241 (±$27,399)Not measurably different
Buena Vista6.0 mi$57,833 (±$8,629)Lower
Glasgow10 mi$51,827 (±$13,816)Lower
Goshen15 mi$45,000 (±$23,916)Lower
Iron Gate19 mi$70,000 (±$45,481)Not measurably different
Clifton Forge21 mi$40,000 (±$16,298)Lower
Craigsville21 mi$39,609 (±$18,936)Lower
Greenville22 mi$41,691 (±$18,037)Lower

Nearby places with a measurably lower figure: Buena Vista, VA ($57,833), Glasgow, VA ($51,827), Goshen, VA ($45,000).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Lexington

What is the median household income in Lexington?

The median household income in Lexington is $84,517 (±$16,517) a year (2020–2024 American Community Survey).

How much do you need to make to afford rent in Lexington?

About $43,200 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,081 a month.

Have incomes in Lexington kept up with inflation?

In Lexington, the median household income went from $42,632 in 2015–2019 to $84,517 in 2020–2024 (+98.2%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lexington city, Virginia (place:45512, in state:51).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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