Lexington, MI
Population 1,119 · Michigan
About Lexington, MI
Lexington is a small town located in Michigan with a population of 1,119 residents according to the latest US Census Bureau American Community Survey data. The median household income is $49,091 per year, which is 35% below the national median of $75,149. The median age of 62.6 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 $191,000, which is 22% below the national median of $244,900. This positions Lexington in a moderately priced market relative to the rest of the country. Median monthly rent is $643, 45% below the national average of $1,163/month. Of the 1,026 total housing units, 68% are owner-occupied (469 units) and 32% are renter-occupied (221 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lexington shows an unemployment rate of 1.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.6%, above the national average of 12.4%. Workers in Lexington have an average one-way commute time of 26.8 minutes.
Education & Demographics
26.8% of Lexington residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.4% White, 2.1% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.8% of the population being foreign-born.
How Lexington Ranks in Michigan
Cost of Living in Lexington, MI
Compared to national averages, Lexington has a median household income of $49,091 (35% below the national median of $75,149). Home values average $191,000, which is 22% below the national median. Monthly rent at $643 is 45% below the US average of $1,163. Within Michigan, Lexington's income is 26% below the state average of $66,017, and home values are 4% above the state median of $183,391.
Why Live in Lexington, MI?
Lexington offers affordable housing with a median home value of $191,000, below the US average of $244,900, and rent that’s lower than the national average at $643/month, and a strong job market with an unemployment rate of just 1.4%.
Potential considerations include median household income ($49,091) that falls below the national average. However, Lexington’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lexington has a population of 1,119 with a median age of 62.6 years. Compare Lexington with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Lexington
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Dryden | 1,125 | $68,199 | $202,100 | Compare |
| Marcellus | 1,113 | $55,417 | $112,500 | Compare |
| Stevensville | 1,126 | $75,069 | $190,000 | Compare |
| Memphis | 1,107 | $60,884 | $190,400 | Compare |
| Pigeon | 1,093 | $49,500 | $108,100 | Compare |
| Grant | 1,146 | $56,875 | $158,600 | Compare |
| Coleman | 1,147 | $41,458 | $88,300 | Compare |
| Athens | 1,149 | $58,438 | $141,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
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, MI?
The population of Lexington, MI is 1,119 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Michigan.
What is the median household income in Lexington?
The median household income in Lexington, MI is $49,091 per year, which is 35% below the national median of $75,149.
What is the median home value in Lexington?
The median home value in Lexington, MI is $191,000, which is 22% below 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, MI is $643, which is 45% below the national average of $1,163/month.
What is the unemployment rate in Lexington?
The unemployment rate in Lexington, MI is 1.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lexington, MI a good place to live?
Lexington offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,119 and a median age of 62.6, the city appeals to established professionals and retirees.
How educated is Lexington, MI?
26.8% of residents in Lexington aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lexington?
Key cost-of-living indicators for Lexington, MI: median home value is $191,000 (22% below national), median rent is $643/month, and median household income is $49,091. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in Lexington?
The poverty rate in Lexington, MI is 12.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Lexington, MI?
Lexington's population is 2.4% White, 2.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.8% of residents are foreign-born.