Lexington, IL
Population 2,074 · Illinois
About Lexington, IL
Lexington is a small community in Illinois with a population of 2,074 residents. The median household income is $98,676 per year, which is above the national average. The median age in Lexington is 43.1 years.
Housing in Lexington has a median home value of $171,600 and median monthly rent of $734. Of the 887 total housing units, the majority are owner-occupied, with 741 owner-occupied and 95 renter-occupied units.
The unemployment rate in Lexington is 3.0% and the poverty rate is 4.8%. 32.6% of residents hold a bachelor's degree or higher. The average commute time is 29.7 minutes.
Cost of Living in Lexington, IL
Compared to national averages, Lexington has a median household income of $98,676 (31% above the national median of $75,149). Home values average $171,600, which is 30% below the national median. Monthly rent at $734 is 37% below the US average of $1,163. Within Illinois, Lexington's income is 31% above the state average of $75,072, and home values are 4% above the state median of $165,779.
Why Live in Lexington, IL?
Lexington offers a strong local economy with a median household income of $98,676, well above the national average, and affordable housing with a median home value of $171,600, below the US average of $244,900, and rent that’s lower than the national average at $734/month. Additionally, the city features a strong job market with an unemployment rate of just 3.0%, and a low poverty rate of 4.8%, better than the national average.
Lexington has a population of 2,074 with a median age of 43.1 years. Compare Lexington with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Lexington
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Moweaqua | 2,093 | $71,364 | $110,400 | Compare |
| Mason City | 2,094 | $64,250 | $92,200 | Compare |
| Hudson | 2,048 | $114,125 | $221,100 | Compare |
| Albion | 2,107 | $56,172 | $93,000 | Compare |
| Vienna | 2,115 | $39,471 | $77,400 | Compare |
| Arthur | 2,024 | $52,115 | $146,200 | Compare |
| Earlville | 2,015 | $62,763 | $127,300 | Compare |
| Elwood | 2,141 | $73,640 | $224,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lexington
What is the population of Lexington, IL?
The population of Lexington, IL is 2,074 according to the latest Census data.
What is the median household income in Lexington?
The median household income in Lexington, IL is $98,676 per year.
What is the median home value in Lexington?
The median home value in Lexington, IL is $171,600.
What is the average rent in Lexington?
The median monthly rent in Lexington, IL is $734.
What is the unemployment rate in Lexington?
The unemployment rate in Lexington, IL is 3.0%.