Salary Needed to Live in Lexington as a Family
A family of four (2 adults, 2 children) needs approximately $53,720/year to live comfortably in Lexington, KY — including 15% savings.
Comfortable Salary
$53,720
with 15% savings
Bare Minimum
$42,976
no savings buffer
Monthly Expenses
$2,686
8% below national avg
Detailed Monthly Budget for a Family in Lexington
| Expense | Lexington | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 3BR Apartment/House Rent | $207 | $209 | -1% |
| 🛒 Groceries | $51 | $44 | +16% |
| ⚡ Utilities | $21 | $28 | -25% |
| 🚗 Transportation | $34 | $44 | -23% |
| 🛡️ Car Insurance | $162 | $223 | -27% |
| 🏥 Health Insurance | $43 | $56 | -23% |
| Childcare/After-school | $1,116 | $1,200 | -7% |
| Internet + Phones | $167 | $180 | -7% |
| Children Activities | $233 | $250 | -7% |
| Dining Out | $326 | $350 | -7% |
| School Supplies & Clothing | $186 | $200 | -7% |
| Healthcare Co-pays | $140 | $150 | -7% |
| Total Monthly | $2,686 | $2,934 | -8% |
How We Calculated the Salary
Monthly expenses:$2,686
Target savings (15%):$593/mo
Monthly after-tax needed:$3,279
Effective tax rate:25%
Gross annual salary needed:$53,720
Other Household Types in Lexington
Related Pages
FAQ
What salary does a family with kids need in Lexington?
A family with kids needs approximately $53,720/year ($4,477/month gross) to live comfortably in Lexington with a 15% savings rate.
How much is rent for a family with kids in Lexington?
A 3br apartment/house in Lexington costs approximately $207/month, which is the largest single expense at 8% of the total budget.
Is Lexington affordable for a family with kids?
Yes, Lexington is 8% more affordable than the national average for a family with kids.