Lexington, MA
Population 34,085 · Massachusetts
About Lexington, MA
Lexington is a mid-sized city located in Massachusetts with a population of 34,085 residents according to the latest US Census Bureau American Community Survey data. The median household income is $219,402 per year, which is 192% above the national median of $75,149. The median age of 46.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lexington features a median home value of $1,147,900, which is 369% above the national median of $244,900. This places Lexington in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,816, 142% above the national average of $1,163/month. Of the 12,672 total housing units, 81% are owner-occupied (9,998 units) and 19% are renter-occupied (2,339 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lexington shows an unemployment rate of 3.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lexington have an average one-way commute time of 30.5 minutes.
Education & Demographics
85.0% of Lexington residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.6% White, 0.3% Hispanic or Latino, 0.9% Black or African American, and 1.6% Asian residents, with 33.7% of the population being foreign-born.
How Lexington Ranks in Massachusetts
Cost of Living in Lexington, MA
Compared to national averages, Lexington has a median household income of $219,402 (192% above the national median of $75,149). Home values average $1,147,900, which is 369% above the national median. Monthly rent at $2,816 is 142% above the US average of $1,163. Within Massachusetts, Lexington's income is 108% above the state average of $105,630, and home values are 105% above the state median of $561,296.
Why Live in Lexington, MA?
Lexington offers a strong local economy with a median household income of $219,402, well above the national average, and a strong job market with an unemployment rate of just 3.0%, and a well-educated community where 85.0% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.3%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,147,900. However, Lexington’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lexington has a population of 34,085 with a median age of 46.6 years. Compare Lexington with other cities to see how it stacks up, or explore all cities in Massachusetts.
Similar Cities Near Lexington
Cities in Massachusetts with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Randolph Town | 34,683 | $103,129 | $463,500 | Compare |
| Franklin Town | 33,067 | $142,788 | $567,100 | Compare |
| Watertown Town | 35,270 | $123,422 | $737,600 | Compare |
| Amherst Town | 35,472 | $65,938 | $454,000 | Compare |
| Needham | 32,059 | $212,241 | $1,146,000 | Compare |
| Norwood | 31,380 | $97,110 | $613,500 | Compare |
| North Attleborough Town | 30,842 | $109,426 | $462,700 | Compare |
| Holyoke | 37,949 | $51,892 | $255,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Massachusetts
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lexington With Other Cities
Frequently Asked Questions about Lexington
What is the population of Lexington, MA?
The population of Lexington, MA is 34,085 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Massachusetts.
What is the median household income in Lexington?
The median household income in Lexington, MA is $219,402 per year, which is 192% above the national median of $75,149.
What is the median home value in Lexington?
The median home value in Lexington, MA is $1,147,900, which is 369% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lexington?
The median monthly rent in Lexington, MA is $2,816, which is 142% above the national average of $1,163/month.
What is the unemployment rate in Lexington?
The unemployment rate in Lexington, MA is 3.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lexington, MA a good place to live?
Lexington offers above-average incomes, a competitive housing market, and a strong job market. With a population of 34,085 and a median age of 46.6, the city appeals to established professionals and retirees.
How educated is Lexington, MA?
85.0% of residents in Lexington aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lexington?
Key cost-of-living indicators for Lexington, MA: median home value is $1,147,900 (369% above national), median rent is $2,816/month, and median household income is $219,402. The home-value-to-income ratio is 5.2x, a moderate figure by national standards.
What is the poverty rate in Lexington?
The poverty rate in Lexington, MA is 4.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lexington, MA?
Lexington's population is 0.6% White, 0.3% Hispanic or Latino, 0.9% Black or African American, 1.6% Asian, and 2.1% two or more races. 33.7% of residents are foreign-born.