A Guide to the Cost of Living in Lexington, Kentucky
Known for its horses, bluegrass music, and the basketball of the Kentucky Wildcats, Lexington, Ky., Offers many affordable, high quality and comfortable accommodation options. Lexington is considered the Horse Capital of the World and its racetracks include the Kentucky Horse Park, the Red Mile, and the Keeneland.
Lexington offers a small town vibe to people while providing world class amenities in larger cities with just over 300,000 residents in the metro area. In fact, the US News and World Report named Lexington, Kentucky one of their 25 Best Places to Live. Lexington is the second largest city in Kentucky and is home to the Bluegrass Community and Technical College, the University of Transylvania, and the University of Kentucky. Find out the cost of living in Lexington, Kentucky before you move.
What’s the cost of living in Lexington, Kentucky?
The cost of living in Lexington is a little lower than the national average, and the opportunities and culture make it a great choice for renters of all ages from anywhere in the U.S. Based on a cost of living scale. life where 100 is the average cost, Lexington estimates 89.1, cheaper than the US average. This makes Lexington a great option for those on a budget and those who love the University of Kentucky, horses, and bluegrass music.
How much does an apartment cost in Lexington, Kentucky?
The average cost of Lexington rentals is around $ 729 for a one-bedroom apartment in the city. The two- and three-bedroom tend to be slightly higher, averaging $ 946 and $ 1,249, respectively. If you share a house or apartment with a roommate, the costs drop dramatically, but Lexington is still affordable when you rent on your own. While rent does impact the average cost of living in Lexington, Ky., Other rental expenses include utilities, travel expenses, food, health care, energy, and transportation.
How do you find cheap apartments in Lexington, Kentucky?
When searching for an apartment in Lexington, consider the amenities you might need, the neighborhood, and your average daily commute to work. Finding apartment deals will depend on market rate, time of year, and square footage. Better deals tend to occur in times when moves are less common, such as the winter or fall seasons. Other considerations might be to spend more on an apartment in the city center closer to work, as this cuts costs and commute time.
What’s the cheapest rent in Lexington, Kentucky?
To get the best affordable rates possible in Lexington, use an online marketplace to find apartments and filter by cost, number of bedrooms, number of bathrooms, and other possible preferences. Once you’ve organized your results by price, you’ll start to focus more on the market for those areas and further customize the results to your liking. The cheapest rent in Lexington, Ky. Is $ 670 for a studio and $ 750 for a one-bedroom apartment.
Find the best places to live in Lexington in one place
What is the cost of utilities in Lexington, Kentucky?
Since Lexington, Kentucky is a temperate climate with mild winters, the heating bill tends to be lower, so you can spend less on utilities. While the summers can be hot, you can spend the majority of the warmer months with a fan and the cool Kentucky breeze. In fact, Kentucky’s electricity bills are considered the fourth lowest compared to other states.
The average water bill in Lexington, Kentucky, combined with electricity, garbage, and gas, is around $ 160 per month. Adding the Internet costs an additional $ 70 per month. Whatever amenities you prefer, you’ll also want to consider potential expenses, including food, dining, and other activities.
Find accommodation in Lexington, Kentucky
Once you have decided on the type of apartment, take the time to explore and explore the different neighborhoods of Lexington. The coveted Ashland Park and Chevy Chase neighborhoods allow tenants to live in upscale, high-quality units at a higher price, while the historic downtown offers close proximity to city activities, restaurants and artistic and cultural events. For more affordable neighborhood options in Lexington, Ky., Visit Richmond or Winchester. If you like history, another neighborhood to consider is the Parisian community.
What free activities are available in Lexington, Kentucky?
To counter the cost of living in Lexington, Kentucky, you can take advantage of the many free local events in the area. Anytime you are in a college town, which is the case here, you will have a number of free activities as the area accommodates cash strapped students. This results in inexpensive places to eat and drink; who doesn’t like that? Other activities you can do in Lexington include bluegrass shows, Raven Run Nature Sanctuary, and the Lexington History Museum.
When looking for accommodation in Lexington, Ky., Consider the neighborhood, your budget, square footage, and amenities. Also take the time to decide if you want to live in a quieter residential area or if you want to be in the city center closer to attractions and nightlife.
Ready to find the perfect place in Lexington? Search Lexington apartments for rent on Zumper and settle into your new home.