Lexington city, Virginia population and income

Lexington city is a mid-size town in Virginia, with 7,420 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates. The median age here is 22.5 years against 39.1 nationally, a distinctly younger profile, typical of places with students, military posts or a fast-growing family population. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in Lexington city earn a median of $89,598 a year, 14.1% above the national figure of $78,538. Median household income counts every pre-tax dollar arriving at an address — wages, self-employment, Social Security, pensions, interest and public assistance — for everyone living there, so multi-earner households pull the figure up even where individual pay is modest. Poverty reaches 15.9% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Lexington city is valued at $275,300, 9.3% below the national figure, while median gross rent runs $985 a month, 29.9% below the national figure, or roughly $11,820 across a full year. A household on the local median income would put about 13.2% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 3.1×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 51.7% of occupied homes are owner-occupied versus 65% nationally, so the market leans more heavily on renters. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

A median age of 22.5 means a large student or early-career population; income medians in places like this understate household resources, since many residents are supported from outside the address. Median income runs above the national figure while poverty also runs above it — a split distribution, not a uniformly comfortable place. Averages hide that; the two numbers together do not.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.