Lexington city, VA at a glance
Median household income
$84,517$7,043 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Lexington city, VA?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Lexington city, VA? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Rockbridge County-Buena Vista city-Lexington city, VA HUD Nonmetr, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $870 | $10,440 | $34,800 | 12.4% |
| 1-Bedroom Apartment | $917 | $11,004 | $36,680 | 13% |
| 2-Bedroom ApartmentBenchmark | $1,005 | $12,060 | $40,200 | 14.3% |
| 3-Bedroom Home | $1,398 | $16,776 | $55,920 | 19.8% |
| 4-Bedroom Home | $1,686 | $20,232 | $67,440 | 23.9% |
What a typical income covers in Lexington city, VA
The 50/30/20 rule applied to the local median of $84,517 a year ($7,043 a month before tax).
What $84,517 leaves after Virginia taxes
Federal income tax, Social Security, Medicare and Virginia tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Virginia
Living in Lexington city, VA: common questions
What is the median household income in Lexington city, VA?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Lexington city, VA is $84,517 per year (approximately $7,043 per month).
What is the average rent in Lexington city, VA?
The closest official figure is HUD's Fair Market Rent for 2026: $870 for a studio, $917 for one bedroom, $1,005 for two, $1,398 for three and $1,686 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Lexington city, VA expensive to live in?
Prices there run 1.1% above the U.S. average. BEA's regional price parity for Virginia is 101.1, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Lexington city, VA?
To keep a $1,005 two-bedroom under 30% of gross income, a household needs about $40,200 a year, or $3,350 a month. That is 48% of what the typical household in Lexington city, VA earns.
How much do you need to live comfortably in Lexington city, VA?
On the local median income of $84,517 ($7,043 a month before tax), the 50/30/20 rule leaves $3,522 a month for needs like rent, utilities and groceries, $2,113 for everything else and $1,409 for savings or debt. A two-bedroom at $1,005 takes 29% of the needs share.
How much is the electric bill in Lexington city, VA?
Homes in Virginia paid 17.2¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $155. Your bill depends mostly on heating and cooling.