Cost of Living in Lexington County, South Carolina
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Lexington County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Lexington County ranks #2,674 of 3,144 counties for affordability (bottom 15%)
Data Story
About Cost of Living in Lexington County, South Carolina
Lexington income matches nation, rents climb faster
Lexington County's median household income of $75,014 slightly exceeds the national average, yet residents spend 17.8% of income on rent—a manageable ratio despite paying $1,115 monthly. This higher rent reflects Lexington's role as a growing suburban corridor near Columbia, attracting demand and investment.
Premium rents, competitive affordability ratio
Lexington's 17.8% rent-to-income ratio sits comfortably below South Carolina's 20.1% state average, thanks to above-average incomes that offset the county's $1,115 rents. At $1,115, Lexington rents trail only Horry ($1,181) and Jasper ($1,307), reflecting suburban growth and economic vitality.
Suburban pricing for suburban amenities
Lexington's $1,115 rent places it between mid-market Horry ($1,181) and rural peers like Laurens ($847), reflecting its position as a growing suburban hub near Columbia. Compared to similarly-income peers like Lancaster ($892), Lexington commands a $223 premium—the price of commuter convenience and urban access.
Ownership costs nearly match rental levels
Lexington homeowners pay $1,025 monthly versus renters' $1,115—just a $90 difference that makes buying competitively priced for those with down payment access. The median home value of $217,700 reflects suburban values and demand, offering solid appreciation prospects for long-term residents.
Lexington suits suburban lifestyle seekers
If you're relocating to South Carolina's capital region seeking suburban amenities without coastal price premiums, Lexington offers solid value and genuine affordability for households earning $75,000+. The county's growth trajectory and job diversity make it a long-term investment bet worth serious consideration.
Cost of Living Advisory: Lexington County
Affordability Verdict
For renters in Lexington County, the market is affordable. Expect to pay around $1,115/month in gross rent, with 28.0% of renter households considered cost-burdened.
Rent vs. Own
The median rent in Lexington County is $1,115/month, while owner costs run $1,025/month. Owning saves approximately $90/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $44,600/year. For owner costs at the 28% rule, the required income is roughly $43,929/year. With a median household income of $75,014, most households can comfortably afford rent here. Notably, 28.0% of renter households in Lexington County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Lexington County sits 4% less expensive than Georgetown County ($1,166/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Lexington County
Rent Burden
17.8%
of gross income
Max Housing (28% Rule)
$1,750
per month
Owner Cost Burden
16.4%
of gross income
You can likely afford the median home in Lexington County
Median home value is $217,700. Estimated monthly cost: $1,738 vs. your max of $1,750.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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