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…
California Residents, view the California Disclosures and Privacy Policy for info on what we collect about you.