Kentucky · Population 321,122 · Updated March 2026
How far your income goes in Lexington-Fayette urban county, Kentucky
State-level tax rates that affect your costs
Lexington-Fayette urban county, Kentucky is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 82 (where 100 equals the national median), Lexington-Fayette urban county, Kentucky residents can expect to pay median rent of $1,101/month while earning a median household income of $67,631/year.
The median home value in Lexington-Fayette urban county, Kentucky, KY is $272,100, with typical monthly owner costs around $1,160 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.5% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.
Kentucky has a moderate income tax rate of 4.0%. Combined with a 6.0% sales tax rate and 0.83% effective property tax rate, the overall tax environment is a factor in the total cost of living in Lexington-Fayette urban county, Kentucky.
Common questions about living costs in Lexington-Fayette urban county, Kentucky
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