Lexington, KY
LEXINGTON, KENTUCKY: Demographic and Financial Snapshot
(Last updated on 1.11.21)
HOUSING IN LEXINGTON-FAYETTE COUNTY, KENTUCKY
Owner-occupied housing units | 70,172 |
Renter-occupied housing units | 58,634 |
Single-family detached units | 84,173 |
Homeownership rate | 54.5% |
Vacancy rate | 8.4% |
Renters rate | 84.2% |
Average housing value | $236,714 |
Average monthly owner cost (with mortgage) | $1,054 |
Average rent | $777 |
Source: US Census; https://cbb.census.gov/rae/#
Survey/Program: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point: Housing Characteristics
SOCIOECONOMIC CHARACTERISTICS IN LEXINGTON-FAYETTE COUNTY, KENTUCKY
Average income | $79,535 |
Average household size | 2.38 |
Percent population 16 years and over in labor force | 68.2% |
Percent disabled | 12.2% |
Percent with health coverage | 92.7% |
Average travel time to work (in minutes) | 20.9 |
Percent workers using public transportation | 1.9% |
Percent veterans | 6.2% |
Percent foreign born | 9.5% |
Percent speaking Spanish at home | 3.0% |
Source: US Census; https://cbb.census.gov/rae/#
Survey/Program: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point: Socioeconomic Characteristics
CONSUMER SPENDING IN LEXINGTON-FAYETTE COUNTY, KENTUCKY
Total consumer expenditures per household | $71,778.44 |
Alcoholic beverages | $560.91 |
Alcoholic beverages consumed at home | $330.68 |
Beer consumed away from home | $99.46 |
Wine consumed away from home | $48.27 |
Apparel & services | $2,108.73 |
Men’s apparel | $409.01 |
Women’s apparel | $696.75 |
Children’s apparel | $325.30 |
Boys’ apparel | $109.73 |
Girls’ apparel | $121.25 |
Footwear | $478.62 |
Dining out (food away from home) | $3,632.33 |
Dining out – Breakfast | $367.23 |
Dining out – Lunch | $1,133.99 |
Dining out – Dinner | $1,682.24 |
Education | $1,517.85 |
Entertainment / recreation | $3,089.67 |
Club membership fees | $221.03 |
Dating services | $0.80 |
Pet food | $243.66 |
Pet services | $61.97 |
Food consumed at home | $5,011.60 |
Bakery products consumed at home | $657.54 |
Dairy products consumed at home | $512.78 |
Fruits and vegetables consumed at home | $978.51 |
Meat, poultry, fish, eggs consumed at home | $1,107.06 |
Nonalcoholic beverages consumed at home | $491.19 |
Snacks / other food products consumed at home | $1,755.71 |
Health care | $5,552.61 |
Medical services | $1,036.45 |
Nonprescription drugs | $137.33 |
Household Services | $1,950.29 |
Care for the elderly and handicapped | $66.74 |
Lawn and garden services | $407.11 |
Housekeeping services | $163.16 |
PC repair | $6.69 |
Housing | $22,582.63 |
Home improvements | $2,337.35 |
Utilities, fuel, and public services | $4,668.01 |
Phone services | $1,714.61 |
Water | $688.03 |
Life and other insurance | $407.12 |
Pensions and social security | $7,698.50 |
Personal care products and services | $872.45 |
Hair care products | $105.00 |
Personal care products | $373.97 |
Local transportation | $8,317.71 |
Gasoline | $2,175.55 |
Vehicle maintenance and repair | $1,146.38 |
Travel | $2,085.50 |
Airline fares | $512.55 |
Auto / truck rental on trips | $25.18 |
Lodging on trips | $562.55 |
Food and drink on trips | $506.22 |
Entertainment on trips | $177.46 |
Source: US Census; https://cbb.census.gov/rae/#
Survey/Program: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point: Consumer Spending (Consumer expenditures per household)
DEBT IN LEXINGTON-FAYETTE COUNTY, KENTUCKY
% with any debt in collections | 34% |
Average debt in collections | $1,143 |
% with medical debt in collections | 16% |
Average medical debt in collections | $403 |
% with student loan debt | 21% |
Average student loan debt | $23,475 |
Average monthly student loan payment | $182 |
% with auto debt | 28% |
Source: Urban Institute; https://apps.urban.org/features/debt-interactive-map/
Survey/Program: Data from credit bureau data (2018) + the US Census Bureau’s American Community Survey (2017)
Data Point: Consumer Debt
UNEMPLOYMENT IN LEXINGTON-FAYETTE COUNTY, KENTUCKY
Year | Population | Percent |
January 2019 | 6,168 | 3.6% |
February 2019 | 6,345 | 3.7% |
March 2019 | 6,487 | 3.7% |
April 2019 | 5,285 | 3.0% |
May 2019 | 5,878 | 3.3% |
June 2019 | 6,903 | 3.9% |
July 2019 | 6,651 | 3.8% |
August 2019 | 5,762 | 3.3% |
September 2019 | 5,181 | 2.9% |
October 2019 | 5,172 | 2.9% |
November 2019 | 5,103 | 2.9% |
December 2019 | 5,098 | 2.9% |
January 2020 | 6,156 | 3.5% |
February 2020 | 5,435 | 3.1% |
March 2020 | 7,053 | 4.1% |
April 2020 | 24,237 | 14.1% |
May 2020 | 15,521 | 9.0% |
June 2020 | 7,447 | 4.5% |
July 2020 | 7,263 | 4.6% |
August 2020 | 11,638 | 6.7% |
September 2020 | 7,823 | 4.8% |
October 2020 | 10,586 | 6.2% |
Source: US Bureau of Labor Statistics; https://www.bls.gov/lau/data.htm
Survey/Program: Local Area Employment Statistics
Data Point: Unemployment totals (not seasonally adjusted)
Read More
Learn more about Kentucky, lending statistics in the following cities…