Tax Bracket Calculator for Lexington, KY
Updated 2026 · Local data pre-filled
With a median household income of $61,200, most Lexington residents fall in the 22% federal bracket. Add your state and local taxes on top for your total effective rate. Understanding your bracket helps you make smarter decisions about Roth vs Traditional IRA contributions, charitable giving, and deductions.
✓ Calculator below is pre-filled with Lexington local data
How Lexington Compares to the National Average
Understanding how Lexington stacks up helps you calibrate your financial planning.
| Metric | Lexington, KY | US Average | Difference |
|---|---|---|---|
| Median Home Price | $265,000 | $420,800 | -37.0% |
| Median Monthly Rent | $925 | $1,713 | -46.0% |
| Median Household Income | $61,200 | $74,580 | -17.9% |
| Property Tax Rate | 0.83% | 1.10% | -24.5% |
| Cost of Living Index | 90 | 100 | -10.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Lexington Financial Snapshot
- Population (Metro)
- 530,000
- Unemployment
- 3.3%
- Avg Commute
- 22 min
- Median Age
- 33.9
- Price-to-Rent Ratio
- 23.9x
- Annual Property Tax
- $2,200
Tax Bracket Calculator in Other Kentucky Cities
Frequently Asked Questions — Lexington
What is the median home price in Lexington, KY?
The median home price in Lexington is $265,000 as of 2025–2026. This is below the national median of $420,800.
What is the average rent in Lexington?
Median monthly rent in Lexington is $925. That works out to $11,100/year, or 18% of the median household income — within the commonly recommended 30% of income guideline.
Is Lexington affordable?
Lexington's cost of living index is 90 vs. the national average of 100. With a median household income of $61,200/year and a median home price of $265,000, the price-to-income ratio is 4.3x. Lexington falls in the middle of the affordability spectrum for US cities.
What is the property tax rate in Lexington?
The effective property tax rate in Lexington is 0.83% of assessed value. On the median home of $265,000, that's roughly $2,200/year ($183/month).