Lexington, SC
Population 24,132 · South Carolina
About Lexington, SC
Lexington is a mid-sized city located in South Carolina with a population of 24,132 residents according to the latest US Census Bureau American Community Survey data. The median household income is $83,263 per year, which is 11% above the national median of $75,149. The median age of 40.9 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 $271,200, which is 11% above 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 $1,360, 17% above the national average of $1,163/month. Of the 10,309 total housing units, 66% are owner-occupied (6,445 units) and 34% are renter-occupied (3,347 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Lexington shows an unemployment rate of 4.1%, which is near the national rate of 3.7%. The poverty rate stands at 7.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lexington have an average one-way commute time of 24 minutes.
Education & Demographics
48.0% 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 1.1% White, 1.1% Hispanic or Latino, 0.6% Black or African American, and 4.0% Asian residents, with 10.8% of the population being foreign-born.
How Lexington Ranks in South Carolina
Cost of Living in Lexington, SC
Compared to national averages, Lexington has a median household income of $83,263 (11% above the national median of $75,149). Home values average $271,200, which is 11% above the national median. Monthly rent at $1,360 is 17% above the US average of $1,163. Within South Carolina, Lexington's income is 42% above the state average of $58,738, and home values are 34% above the state median of $202,187.
Why Live in Lexington, SC?
Lexington offers a strong local economy with a median household income of $83,263, well above the national average, and a well-educated community where 48.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 7.4%, better than the national average. Additionally, the city features short commute times averaging just 24 minutes.
Lexington has a population of 24,132 with a median age of 40.9 years. Compare Lexington with other cities to see how it stacks up, or explore all cities in South Carolina.
Similar Cities Near Lexington
Cities in South Carolina with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Easley | 23,942 | $65,330 | $243,100 | Compare |
| Taylors | 23,686 | $71,747 | $242,700 | Compare |
| Socastee | 24,629 | $59,826 | $218,200 | Compare |
| North Augusta | 24,928 | $90,132 | $220,500 | Compare |
| Simpsonville | 25,125 | $79,233 | $267,500 | Compare |
| Greenwood | 22,527 | $40,253 | $123,400 | Compare |
| Mauldin | 25,985 | $81,027 | $242,100 | Compare |
| Conway | 26,082 | $54,841 | $236,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in South Carolina
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, SC?
The population of Lexington, SC is 24,132 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in South Carolina.
What is the median household income in Lexington?
The median household income in Lexington, SC is $83,263 per year, which is 11% above the national median of $75,149.
What is the median home value in Lexington?
The median home value in Lexington, SC is $271,200, which is 11% 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, SC is $1,360, which is 17% above the national average of $1,163/month.
What is the unemployment rate in Lexington?
The unemployment rate in Lexington, SC is 4.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lexington, SC a good place to live?
Lexington offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 24,132 and a median age of 40.9, the city appeals to a broad range of residents.
How educated is Lexington, SC?
48.0% 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, SC: median home value is $271,200 (11% above national), median rent is $1,360/month, and median household income is $83,263. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lexington?
The poverty rate in Lexington, SC is 7.4%, 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, SC?
Lexington's population is 1.1% White, 1.1% Hispanic or Latino, 0.6% Black or African American, 4.0% Asian, and 10.9% two or more races. 10.8% of residents are foreign-born.