One of the most affordable places to live in the Southeast — here's a full breakdown of what your money gets you in Lexington.
Lexington's overall cost of living index is well below the national average — and well below comparable suburbs in Charlotte, Atlanta, or Raleigh.
Housing is where Lexington, SC really shines compared to comparable markets.
| Housing Type | Lexington, SC | Charlotte, NC (suburb) | Atlanta, GA (suburb) |
|---|---|---|---|
| Median home price | $303,000 | $390,000 | $420,000 |
| Average rent (2BR) | $1,460/mo | $1,950/mo | $2,100/mo |
| Average rent (3BR) | $1,750/mo | $2,400/mo | $2,600/mo |
| Property tax rate (approx.) | ~0.5–0.6% | ~0.8% | ~1.0% |
| New construction starting at | $220,000 | $340,000 | $370,000 |
* Figures are approximate and based on 2025–2026 market data. Consult a local agent for current listings.
South Carolina has a number of tax advantages worth knowing about before you move, especially if you're coming from a higher-tax state.
Day-to-day costs in Lexington are below the national average across most categories:
| Category | vs. National Avg. |
|---|---|
| Groceries | ~5% below avg |
| Utilities (electric, water) | Near average |
| Gas / Transportation | ~3% below avg |
| Healthcare | ~6% below avg |
| Dining out | ~8% below avg |
| Childcare | ~10% below avg |
A realistic snapshot of what a family of four might spend in Lexington — homeowners in the $300K range.
| Expense | Monthly Estimate | Notes |
|---|---|---|
| Mortgage (30yr, $303K home, 10% down) | ~$1,850 | Includes taxes & insurance est. |
| Groceries | ~$700–900 | Family of four |
| Utilities | ~$200–280 | Electric, water, gas |
| Internet & Phone | ~$150 | Fiber available in most areas |
| Transportation (2 cars) | ~$600–800 | Gas, insurance, maintenance |
| Dining out & Entertainment | ~$400–600 | 2–3 restaurant visits/week |
| Childcare / School | $0–$800 | Public school is free; daycare varies |
| Monthly Total (est.) | ~$3,900–5,230 | Before personal savings / 401K |
This is an estimate for planning purposes only. Individual costs vary significantly.
A local real estate agent can show you exactly what homes are available in your price range — for free, with no pressure.
Talk to a Local Agent →