Lexington, MA Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Lexington, MA Summary

Cost of living in Lexington research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lexington is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Massachusetts, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Lexington is 190, with 100 being the average.

  • The cost of living index in Lexington is 1.9x higher than the national average.

  • Lexington ranks as the #108 cheapest in Massachusetts out of 113.

  • Lexington ranks as the #6,269 cheapest out of 6,412 in the US.

  • The median home value in Lexington is $980,100.

  • The median income in Lexington is $202,852.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
190
Lexington's Overall Cost Of Living
1.9x
Higher Than The National Average

What is the cost of living in Lexington, MA?

According to the most recent data on the cost of living, Lexington has an overall cost of living index of 190, which is 1.9x higher than the national index of 100.

Compared to Massachusetts, Lexington has a cost of living index that's 1.3x higher than Massachusetts's index of 143.

The standard of living in Lexington ranks as #108 most affordable out of the 113 places we measured in Massachusetts. By definition, that implies Lexington ranks as the #5 most expensive place in the Bay State.

For more reading on life in Lexington, check out:

108 out of 113
In Massachusetts
6,269 out of 6,412
In America

Lexington Cost Of Living Vs. Massachusetts

Six factors go into calculating the cost of living index in Lexington. Here is how it fairs on each of the criteria:

  • The Services index in Lexington is 129.

  • The Groceries index in Lexington is 113.

  • The Health index in Lexington is 119.

  • The Housing index in Lexington is 350.

  • The Transportation index in Lexington is 107.

  • The Utilities index in Lexington is 121.

Living Expense Lexington Massachusetts National Average
Overall 190 143 100
Services 129 126 100
Groceries 113 108 100
Health 119 117 100
Housing 350 202 100
Transportation 107 114 100
Utilities 121 123 100
For more reading on cost of living around Massachusetts, check out:
Lexington Cost of Living Vs. MA

Lexington, MA Housing Cost Breakdown

Housing swings affordability the most between places in Massachusetts, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Lexington is $980,100.

  • The Median Rent in Lexington is $2,493.

  • The Median Income in Lexington is $202,852.

  • The Home Value To Income in Lexington is 4.8x.

  • The Rent To Monthly Income in Lexington is 0.15x.

Statistic Lexington Massachusetts United States
Median Home Value $980,100 $424,700 $244,900
Median Rent $2,493 $1,429 $1,163
Median Income $202,852 $89,026 $69,021
Home Value To Income 4.8x 4.8x 3.5x
Rent To Monthly Income 0.15x 0.19x 0.2x
Search Homes For Sale In Lexington, MA
$980,100
Median Home Value
$2,493
Median Rent
$202,852
Median Income

Lexington, MA Costs By Category

Detailed Lexington Services Costs Vs. Massachusetts

Item Lexington Massachusetts
Shampoo $1.0 $1.06
Movie $14.43 $10.68
Bowling $21.0 $14.67
Haircut $34.97 $18.62
Beauty Salon $64.17 $39.05

Detailed Lexington Groceries Costs Vs. Massachusetts

Item Lexington Massachusetts
Ground Beef $3.74 $4.22
Fried Chicken $1.64 $1.39
Milk $2.27 $2.05
Potatoes $4.02 $3.29
Pizza $11.16 $10.62
Beer $9.29 $9.38
Toothpaste $2.3 $2.34

Detailed Lexington Health Costs Vs. Massachusetts

Item Lexington Massachusetts
Optometrist $102.75 $108.57
Doctor $194.0 $116.17
Dentist $108.27 $99.13

Detailed Lexington Transportation Costs Vs. Massachusetts

Item Lexington Massachusetts
Gasoline $2.19 $2.22
Tire Balancing $64.47 $50.07

Detailed Lexington Utilities Costs Vs. Massachusetts

Item Lexington Massachusetts
All Electricity $233.87 $167.67
Phone $181.11 $175.64

Lexington SnackAbility

7.5
/10
Overall SnackAbility
Jobs
9/10
Housing
10
Affordability
7
Diversity
8.5
Safety
9
Amenities
8.5
Education
10
Commute
5

Cost Of Living In Cities Around Lexington

The cost of living varies in the cities and towns around Lexington. Here's a quick look at the cost of living in the most populous nearby places:

  • Newton, MA has a cost of living index of 192, 1.0x Lexington.

  • Waltham, MA has a cost of living index of 150, 0.8x Lexington.

  • Brookline, MA has a cost of living index of 191, 1.0x Lexington.

City Population Cost Of Living Vs. Lexington
Newton, MA 88,647 192 1.0x
Waltham, MA 64,655 150 0.8x
Brookline, MA 62,620 191 1.0x
Medford, MA 60,708 147 0.8x
Arlington, MA 46,045 162 0.9x
Woburn, MA 40,967 141 0.7x
Needham, MA 31,808 180 0.9x
Wellesley, MA 29,365 216 1.1x
Belmont, MA 27,056 181 1.0x
Burlington, MA 26,234 149 0.8x

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