Is Lexington, Tennessee a Good Place To Live? - Living In Lexington, TN

Is Lexington, Tennessee a good place to live?
Lexington is a city in Tennessee state in USA with a population of 7838 residents.. The poverty rate of Lexington is 30.1%, which is 115% higher than national average. The typical household in Lexington earns $33337 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 3 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 6 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 60.3% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in Lexington are struggling financially. Nearly one in every 1 in every 7 workers in Lexington is unemployed. The high jobless rate has likely contributed to the widespread poverty in the city.

A high school education is a basic prerequisite for most jobs, and in Lexington, only 86% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Lexington remained 13.9%, which is 196% higher than national rate. Nearly 3 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Lexington, only 14% of adults have a bachelor's degree and 30% have some college but no degree.

Cost of living in Lexington is 79, which is 21% lower than national average. Median home value in Lexington is $128200 , which is 44% lower than national average. While median income in Lexington remained $33337, which is 51% lower than national average.
Population
7838
Unemployment
13.9%
196% NAT AVG.
Poverty
30.1%
115% NAT AVG.
Overall Score
5
Median Home Cost
$128200
44% NAT AVG.
Median Income
$33337
51% NAT AVG.
Median Rent
$672
42% NAT AVG.
Cost Of Living
79
21% NAT AVG.
People Living BPL
1 in 3
Unemployed People
1 in 7
People Earning < $10,000
1 in 6
People Earning < $50,000
60.3%
People with <= High School
1 in 1.8
People With Any Degree
1 in 4.2
Pros & Cons Overview

Jobs30%

Housing50%

Affordability50%

Safety50%

Amenities70%

Diversity80%

Education50%

Commute80%