Moving to Lexington, KY

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Planning a move to Lexington? SpareFoot can help. Use SpareFoot to find special deals and discounts on Lexington Moving Truck Rentals. If you need a storage unit as part of your move, SpareFoot makes it easy to find storage units in Lexington too.

Thinking about moving to Lexington?

You’ll be in good company. Between 2010 and 2016, more than 22,646 people have moved to Lexington, an increase of 7.7%. New residents are attracted to Lexington’s access to adventure, history, smooth jazz, and beachy lifestyle.

Living

Lexington is home to 318,449 Lexingtonians. With an area of 283.6 square miles, Lexington has a population density of 1,123 persons per square mile, which makes it less dense than many other cities of comparable size.

The Lexington-Fayette, KY Metropolitan Statistical Area boasts a population of 506,751 people, of which Lexington proper’s population makes up 63%.

Housing

One of Lexington’s greatest strengths is its relatively affordable housing market. The median home value in Lexington is $165,800, -17% below the US median value, according to Zillow. The median price per square foot in Lexington is $103. Over the past 5 years, home values in Lexington have increased by 3%.

Renters in Lexington will also have an easy time finding affordable housing. The median rent in Lexington is $1,207 per month, which is 16% lower than the US median. Over the past year, rental rates in Lexington have increased by 1.2%.

Economy

Lexington’s economy is on fire. The Lexington metro area’s GDP grew by 25% between 2011 and 2016, from $23.2 billion in 2011 to $28.9 billion in 2016, a total increase of $5.7 billion. The metro area has a per capita GDP of $57,208. According to the US Census Bureau, the median household income in Lexington is $50,921, 14% lower than the national median. Lexington’s unemployment rate is 4.5%.

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Weather

The average annual temperature in Lexington is 55.55 degrees. The average annual low temperature is 45.9 degrees, while the average annual high is 65.2 degrees. Lexington’s hottest month is July, during which the average high temperature is 86 degrees, while the coldest month is January, when the average low drops down to 25 degrees.

Lexington sees an average rainfall of 45.21 inches per year. May is the wettest month, with an average rainfall of 5.28 inches, while September is the dryest month, with an average rainfall of 2.91 inches.

Crime

Lexington, KY has an annual violent crime rate of 3.48, which is 1,109 violent crimes per 1,000 residents and lower than the national median of 3.8 in 1,000. Its property crime rate is 43.01, which is higher than the national average of 26.

Traffic & Transportation

Traffic is not as big of a problem in Lexington as it is in many other US cities. According to a survey conducted by INRIX, the average commuter in Lexington spends 15.4 hours in traffic each year, with about 6% of their time commuting in a traffic jam, a lower portion than average among US cities.

Walk Score gives Lexington a walk score of 80, which means Lexington is considered very walkable and most errands can be accomplished on foot.

Cost of Living

Lexington-Fayette is a relatively affordable place to live with a low cost of living. According to the Bureau of Economic Analysis‘s Regional Price Parity survey, which takes into account cost of living metrics including the price of goods and services and housing, Lexington-Fayette has a regional price parity of 100.1, -8.6% below the average for US metro areas.

Demographics

In terms of racial demographics, Lexington is 71% Non-Hispanic White, 6.9% Hispanic, 14.3% Black, and 3.7% Asian.

90.3% of those over the age of 25 in Lexington have a high school diploma, a higher rate than nationally. 43.7% of those over the age of 25 have a bachelor’s degree, which is higher than the national rate. 19.2% of residents have an advanced or professional degree.

In the 2016 presidential election, 42% of Lexington voters voted for the Republican nominee, while 51% voted for the Democratic nominee.

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