Cost of Living: Lexington, KY vs Richardson, TX (2026)

Lexington

Kentucky
82
VS

Richardson

Texas
128

Lexington is 36% cheaper than Richardson.

$1,101/mo ↓ 40%
Median Rent
$1,825/mo ↑ 66%
$67,631/yr ↓ 30%
Median Income
$96,257/yr ↑ 42%
$272,100 ↓ 33%
Home Value
$405,600 ↑ 49%
$1,160/mo ↓ 35%
Owner Costs
$1,796/mo ↑ 55%
321,122
Population
118,269

Tax Comparison

4.0%
Income Tax
0%
6.0%
State Sales Tax
6.25%
0.83%
Property Tax
1.6%

Affordability

19.5%
rent-to-income
Affordability
22.8%
rent-to-income

Detailed Comparison

When comparing Lexington, KY and Richardson, TX, the overall cost of living indices are 82 and 128 respectively (national median = 100). Rent is $724/month cheaper in Lexington, saving renters about $8,688/year.

Median household income is $28,626/year higher in Richardson. Home values also differ significantly — the median in Lexington is $272,100 compared to $405,600 in Richardson.

Texas has no state income tax, giving Richardson residents a significant tax advantage over Kentucky's 4.0% rate.

Frequently Asked Questions

Lexington vs Richardson — common questions

Is Lexington or Richardson cheaper to live in?
Based on our cost index, Lexington is cheaper to live in with an index of 82 compared to 128 (US average = 100).
What is the rent difference between Lexington and Richardson?
Median rent in Lexington is $1,101/month and in Richardson it's $1,825/month — a difference of $724/month.
Which city has higher income, Lexington or Richardson?
Median household income is $67,631 in Lexington and $96,257 in Richardson. Median household income is $28,626/year higher in Richardson.
How do taxes compare between Kentucky and Texas?
Kentucky has 4.0% income tax, 6.0% sales tax, and 0.83% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Lexington or Richardson?
It depends on your priorities. Lexington has a cost index of 82 with median rent of $1,101/mo, while Richardson has a cost index of 128 with rent of $1,825/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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