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Lexington, VA Utility & Living Guide
Utilities, housing, taxes, cost of living, and local insights — everything residents and families need.
Monthly Utility Costs
$130/mo
—
$40/mo
$20/mo
$60/mo
Housing Market
| Rent & Property | |
|---|---|
| 1 Bedroom | $1100/mo |
| 2 Bedrooms | $1400/mo |
| 3 Bedrooms | $1900/mo |
| Median Home Price | $280,000 |
| Property Tax Rate | 0.85% |
| Avg Childcare/mo | $900 |
The housing market in Lexington is relatively stable, with a mix of historic homes and newer developments. Rentals are available but can be competitive, especially near the college campuses. Home prices have been steadily increasing over the past few years.
Cost of Living
105
+5% above national average
102
98
100
$900
Tax Rates
| Tax Overview | |
|---|---|
| Total Sales Tax | 5.3% |
| Property Tax Rate | 0.85% |
| <p>State 4.3% + Local 1%</p> | |
Virginia has a progressive income tax system, with rates ranging from 2% to 5.75%
Family & Relocation
55
7.2/10
$900/mo
City Pulse
Lexington has a walkable downtown area and some public transportation options, but stroller-friendly infrastructure is limited outside of the city center
- Lexington Zoo
- Boxerwood Nature Center
- Virginia Horse Center
Best Neighborhoods for Families
Household Budget Calculator
Estimate your real monthly cost of living in Lexington based on your household profile.
📰 Live Local News
Lexington has regulations in place to preserve its historic district and protect the environment, including rules on zoning, noise, and waste management
Financial Tools
- Income Tax CalculatorEstimate take-home pay by state
- Mortgage CalculatorMonthly payment estimator
- Affordability CalculatorHow much home can you afford?
- Childcare Cost EstimatorCompare daycare costs by city
- Retirement PlannerRetirement readiness check
- Car Lease CalculatorMonthly lease payment estimator
- Savings CalculatorGrow your emergency fund
- City Comparison ToolCompare cities side by side
Find Another City Guide
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📊 Lexington — Census & Demographic Data
Official data from the US Census Bureau, American Community Survey.
☀️ Seasonal Utility Costs
Utility costs in Lexington tend to be higher in the summer due to air conditioning usage, with average electric bills increasing by 20-30% during the peak summer months. In the winter, heating costs are relatively low due to the mild climate, with average gas bills remaining steady throughout the year.
🏛️ Local Tax Details
The ZIP code 24450 has a property tax millage rate of 0.85, with no local surtaxes. However, some areas of Rockbridge County may have additional taxes or fees.
👶 Family & Stroller Friendliness
6/10, with explanation: Lexington has some sidewalks and crosswalks, but they can be uneven and limited in some areas. However, the city has several parks and green spaces that are stroller-friendly, and many businesses have elevators or ramps for accessibility.
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