Lexington, OK
Population 2,002 · Oklahoma
About Lexington, OK
Lexington is a small town located in Oklahoma with a population of 2,002 residents according to the latest US Census Bureau American Community Survey data. The median household income is $46,094 per year, which is 39% below the national median of $75,149. The median age of 39.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lexington features a median home value of $84,500, which is 65% below the national median of $244,900. This makes Lexington one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $879, 24% below the national average of $1,163/month. Of the 990 total housing units, 68% are owner-occupied (566 units) and 32% are renter-occupied (262 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lexington shows an unemployment rate of 3.9%, which is near the national rate of 3.7%. The poverty rate stands at 27.0%, above the national average of 12.4%. Workers in Lexington have an average one-way commute time of 29.3 minutes.
Education & Demographics
11.7% of Lexington residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 13.8% White, 10.5% Hispanic or Latino, 0.5% Black or African American, and 1.6% Asian residents, with 8.1% of the population being foreign-born.
Cost of Living in Lexington, OK
Compared to national averages, Lexington has a median household income of $46,094 (39% below the national median of $75,149). Home values average $84,500, which is 65% below the national median. Monthly rent at $879 is 24% below the US average of $1,163. Within Oklahoma, Lexington's income is 18% below the state average of $56,382, and home values are 30% below the state median of $119,992.
Why Live in Lexington, OK?
Lexington offers affordable housing with a median home value of $84,500, below the US average of $244,900, and rent that’s lower than the national average at $879/month.
Potential considerations include median household income ($46,094) 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 2,002 with a median age of 39.4 years. Compare Lexington with other cities to see how it stacks up, or explore all cities in Oklahoma.
Similar Cities Near Lexington
Cities in Oklahoma with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Arkoma | 2,001 | $39,236 | $67,300 | Compare |
| Chouteau | 2,005 | $51,081 | $171,900 | Compare |
| Prague | 1,999 | $46,944 | $115,600 | Compare |
| Newkirk | 2,024 | $53,125 | $99,000 | Compare |
| Krebs | 2,031 | $48,452 | $102,800 | Compare |
| Oakhurst | 1,970 | $61,500 | $147,700 | Compare |
| Burns Flat | 1,954 | $41,974 | $105,100 | Compare |
| Coalgate | 1,919 | $37,716 | $83,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Oklahoma
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, OK?
The population of Lexington, OK is 2,002 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Oklahoma.
What is the median household income in Lexington?
The median household income in Lexington, OK is $46,094 per year, which is 39% below the national median of $75,149.
What is the median home value in Lexington?
The median home value in Lexington, OK is $84,500, which is 65% 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, OK is $879, which is 24% below the national average of $1,163/month.
What is the unemployment rate in Lexington?
The unemployment rate in Lexington, OK is 3.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lexington, OK a good place to live?
Lexington offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,002 and a median age of 39.4, the city appeals to a broad range of residents.
How educated is Lexington, OK?
11.7% 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, OK: median home value is $84,500 (65% below national), median rent is $879/month, and median household income is $46,094. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lexington?
The poverty rate in Lexington, OK is 27.0%, 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, OK?
Lexington's population is 13.8% White, 10.5% Hispanic or Latino, 0.5% Black or African American, 1.6% Asian, and 1.5% two or more races. 8.1% of residents are foreign-born.