Cost of Living: Lexington-Fayette urban county, KY vs Richmond, KY
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,254/mo in Lexington-Fayette urban county, KY versus $4,254/mo in Richmond, KY. In the model, rent is about 16.05% of gross in Lexington-Fayette urban county, KY versus 12.53% in Richmond, KY, so Richmond, KY tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Lexington-Fayette urban county, KY and Richmond, KY.
At a glance
- Cheaper overall (lower cost-of-living index): Richmond, KY
- Lower rent (median 1BR/2BR): Richmond, KY
- Lower home prices: Richmond, KY
- Higher median household income: Lexington-Fayette urban county, KY
Cost of Living Index
Lexington-Fayette urban county, KY: 100 (U.S. = 100) · Richmond, KY: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Lexington-Fayette urban county, KY: $1,046/mo (midpoint of 1BR/2BR) · Richmond, KY: $817/mo
Median rent in Lexington-Fayette urban county, KY is $229/mo higher than in Richmond, KY.
Median Home Price
Lexington-Fayette urban county, KY: $272,100 · Richmond, KY: $205,900
Median home price in Lexington-Fayette urban county, KY is $66,200 higher than in Richmond, KY.
Median Household Income
Lexington-Fayette urban county, KY: $67,631 · Richmond, KY: $48,223
Lexington-Fayette urban county, KY has a higher median household income than Richmond, KY by $19,408.
Lexington-Fayette urban county, KY overview · Richmond, KY overview · Popular comparisons