Lexington, KYBest Places To Live in the U.S. in 2023
Lexington lures residents with its bluegrass beauty and Southern hospitality. While the city is most well-known for its rich equestrian heritage, the diverse cultural offerings, ample outdoor recreation and vibrant downtown district of Lexington can’t be missed.
Lexington, KY, Is One of the Best Cities To Live in America
Tucked within the rolling hills of central Kentucky, Lexington, KY, offers more than initially meets the eye. Although its famous racehorses and bourbon are integral to the culture of this city, its strong economy, education and affordable housing market are what helped earn its designation as one of the best places to live in the U.S.
Lexington is home to several important equestrian centers — Kentucky Horse Park, Keeneland race course and Red Mile race course — and has earned the title “Horse Capital of the World.” These places offer more than a fun pastime; the equestrian industry helps drive the culture and keep the economy strong. Along with the tradition of racehorses, bourbon remains a popular industry. Situated along the Kentucky Bourbon Trail, Lexington has several local distilleries and a thriving food culture to go along with it. This city is also home to major corporations, particularly in the manufacturing industry. Companies such as Valvoline and Lockheed Martin help keep the economy thriving. In addition, the city’s affordability makes it a magnet for entrepreneurs and startups.
As a college town, Lexington has a pipeline of homegrown talent to support these industries. The University of Kentucky is one of the universities that contributes to the city’s youthful energy, helping to attract creative, young minds to Lexington, and that helps to drive the economy, as well. College basketball fans are in heaven here as the town fervently supports the Wildcats!
Home to over 300,000 residents, everyone from college students to retirees can enjoy the mild weather and the affordable lifestyle. With a median home price of $254,483, Lexington offers many amenities and opportunities at a moderate price.
Lexington, KY Quality of Life LivScore
Lexington, KY Top Categories
Housing & Cost of Living
Economy
Transportation
Lexington ranks highest for housing, economy and transportation.
Weather and Outdoor Activities in Lexington, KY
Lexington enjoys hot, humid summers and short, mild winters. Summer highs average above 77°F. July is the hottest month, with average highs around 85°F. The coldest month is January, with an average low of 27°F.
The average annual snowfall in Lexington is below the national average at roughly 14 inches yearly.
The average annual rainfall in Lexington is 46 inches, with May and June being the wettest months.
Lexington averages 186 sunny days a year.
With bluegrass-covered rolling hills, a winding river and stunning pastures, Lexington is a beautiful place to enjoy year-round. Take in a round of golf at one of several area golf courses. Enjoy kayaking at Jacobson Park. Visit a horse farm and add in a horseback riding excursion.
Lexington Weather
186 days
Average Annual Sun
46 inches
Average Annual Rain
14 inches
Average Annual Snow
Things To Do in Lexington, KY
Embrace the unique equine culture here at Keeneland Thoroughbred Racing. They allow free access to view early morning workouts and stroll their beautifully landscaped grounds. If horses aren’t your thing, visit the Lexington Art League with free exhibitions of contemporary local and regional art in the historic Loudoun House.
Families will love the Kentucky Horse Park. With interactive museum exhibits, daily horse shows and holiday light shows, it’s easy to find something kids will enjoy here.
Just outside of the city, you’ll find The Kentucky Castle. This 100-plus-acre property offers a romantic excursion with farm-to-table dining, tours, farm experiences, a spa and luxury overnight accommodations.
Lexington is in the heart of bourbon country. So why not visit one of the many spots located in the Lexington Distillery District? This 25-acre property reimagined an abandoned distillery into a full entertainment spot with several working bourbon distilleries, various eateries and fun entertainment venues.
The Local and State Economy in Lexington, KY
Education, health care and manufacturing are key industries in Lexington. The University of Kentucky and Fayette County Public Schools are two of the city’s largest employers. In addition, Tempur Sealy International, Valvoline and Lexmark International are also headquartered in Lexington.
In 2023, the sales tax rate in Lexington is 6%. Lexington has one of the country’s lowest combined state and local sales tax rates.
Yes, Kentucky has a state income tax.
The University of Kentucky Albert B Chandler Hospital is one of the largest in Kentucky and is the only hospital in the state to be ranked nationally in nearly a dozen adult specialties. Baptist Health is also recognized as one of the Best Regional Hospitals by U.S. News & World Report thanks to its high-performance ratings in multiple specialties.
Several major colleges and universities are in Lexington, KY, including the University of Kentucky and Bluegrass Community & Technical College.
Quick Facts About Lexington, KY
- Median Household Income
- $62,564
- Median Home Value
- $251,167
- Average State Property Tax
- $1,320
- Total Population
- 323,479
- Median Rent/Mo.
- $831
- Average Commute
- 18.83 minutes
Lexington is one of the best places to live in the U.S. due partly to a strong local economy, highly-ranked schools and affordable housing options. Read more about living in Lexington and the city’s diversified economy, or consider other great places to live in the Southeast. If you’re planning a move, we’re here to help with The Ultimate Guide To Finding Your Best Place To Live.
