Lexington, MN demographics:
population, income, and more

Total population
2,770
5.9% year-over-year change
Median household income
$75,347/yr
3.3% year-over-year change
Housing units
1,249
4.4% year-over-year change

Lexington population

How many people live in Lexington

Lexington is home to 2,770 residents, according to the most recent Census data. Gender-wise, 47.3% of Lexington locals are male, and 52.7% are female.

Total population
2,770
5.9% year-over-year change
Gender ratio
Male
47.3%
1,309
Female
52.7%
1,461
Value Percent YoY change
Male 1,309 47.3% 4.5%
Female 1,461 52.7% 7.1%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Lexington is 37, with the population distributed as follows: about 18.7% are children under 15, then 15% are in the 15 to 24 age group. Adults between 25 and 44 make up 26.7% of the population, while another 30.3% fall into the 45 to 64 bracket. Finally, around 9.3% are 65 or older.

Median age
37.2
Age breakdown
Under 15
18.7%
15 to 24
15%
25 to 44
26.7%
45 to 64
30.3%
Over 65
9.3%
Value Percent YoY change
Under 15 517 18.7% 14.6%
15 to 24 416 15% -8.6%
25 to 44 740 26.7% 19.0%
45 to 64 839 30.3% 0.1%
Over 65 258 9.3% 3.2%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Lexington, 77.9% of the population are US-born citizens, while 13.5% have gained naturalized citizenship. At the same time, 8.5% of residents are non-citizens. As for race, 65% of locals are Caucasian, 14.6% are African American and 5.4% have Asian roots. There’s also a share of 8.6% that includes residents with two or more races.

Citizenship
U.S.-born citizens
77.9%
Non-U.S.-born citizens
13.5%
Non-citizens
8.5%
Value Percent YoY change
U.S.-born citizens 2,159 77.9% -3.8%
Non-U.S.-born citizens 375 13.5% 32.0%
Non-citizens 236 8.5% 168.2%
Racial breakdown
White
65%
Black or African American
14.6%
American Indian and Alaska Native
0.9%
Asian
5.4%
Native Hawaiian and other Pacific Islander
0%
Two or more races
8.6%
Other
5.5%
Value Percent
White 1,799 65%
Black or African American 404 14.6%
American Indian and Alaska Native 26 0.9%
Asian 151 5.4%
Two or more races 237 8.6%
Other 153 5.5%

Households in Lexington

A peek inside Lexington households

Lexington has 1,142 households, with an average of 2 members in each. Of these, 60.9% are families, while the remaining 39.1% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
1,142
3.6% year-over-year change
Average people per household
2
Non-family households
447
Family households
695
Value Percent YoY change
Non-family households 447 39.1% 6.9%
Family households 695 60.9% 1.6%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Lexington

The housing landscape of Lexington

Lexington's housing consists of 1,249 units, with 45.6% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 10.6% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 8.1% of the housing landscape.

Housing units
1,249
4.4% year-over-year change
Housing types
Value Percent
1 unit, detached 569 45.6%
1 unit, attached 132 10.6%
2 units 77 6.2%
3 or 4 units 69 5.5%
10 to 19 units 41 3.3%
20 to 49 units 31 2.5%
50 or more units 229 18.3%
Mobile home 101 8.1%
Homes built since 2020
134
30.1% year-over-year change

The age of buildings in Lexington

In Lexington, the median construction year is 1977. About 1.9% of homes were built before the 1940s, with another 5.8% going up by 1949. Most development happened in the second half of the 20th century. Then, 3.7% of homes were added from 2000 to 2009, 11.3% between 2010 and 2019, and 10.7% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 24 1.9% 0.0%
Built between 1940 and 1949 72 5.8% -17.2%
Built between 1950 and 1959 260 20.8% 6.1%
Built between 1960 and 1969 141 11.3% 22.6%
Built between 1970 and 1979 183 14.6% -15.3%
Built between 1980 and 1989 171 13.7% 8.9%
Built between 1990 and 1999 77 6.2% 2.7%
Built between 2000 and 2009 46 3.7% -25.8%
Built between 2010 and 2019 141 11.3% 25.9%
Built in 2020 or later 134 10.7% 30.1%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Lexington occupancy rates

Out of the 1,142 occupied housing units in Lexington, 54.9% are owner-occupied, while 45.1% are lived in by tenants. Meanwhile, 8.6% of all homes on the local market sit vacant.

Occupied housing units
1,142
3.6% year-over-year change
Occupancy breakdown
Renter occupied
515
Owner occupied
627
Value Percent YoY
change
Renter occupied 515 45.1% -0.6%
Owner occupied 627 54.9% 7.4%
Unoccupied housing units
8.6%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Lexington housing costs

Housing costs in Lexington come to a median of $1,558 per month, while tenants specifically pay a median gross rent of $1,573.

Median housing costs per month
$1,558/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Lexington
$1,573/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Lexington

Lexington education at a glance

About 37.3% of the population in Lexington went to high school, while 25% pursued college studies. Another 9% earned an associate degree and 19.8% hold a bachelor’s. Meanwhile, 5.7% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 70 3.2% 22.8%
High school diploma 808 37.3% 5.8%
College diploma 540 25% -1.1%
Associate degree 195 9% -7.1%
Bachelor's degree 428 19.8% 10.0%
Graduate degree 123 5.7% 55.7%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Lexington

How much people earn in Lexington

The average annual household income in Lexington was $85,700 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +0.5% change from the previous year. At the same time, the median income stood at $75,347, reflecting a +3.3% shift over the same period.

Average household income in Lexington
$85,700/year
0.5% year-over-year change
Median household income in Lexington
$75,347/year
3.3% year-over-year change

Lexington income by age

In Lexington, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $76,518. Those with someone between 45 and 64 in charge, often well established professionally, earn $90,833 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $64,464, while those led by someone over 65, many of whom may be retired, have about $64,792 in earnings. Overall, 91.3% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $64,464 5.8%
25 - 44 $76,518 4.2%
45 - 64 $90,833 -1.2%
Over 65 $64,792 -4.2%
Above poverty level
2,515
Below poverty level
239
Value Percent YoY
change
Above poverty level 2,515 91.3% 6.7%
Below poverty level 239 8.7% -3.6%

Average renter income in Lexington

To get a better sense of what renters earn on average in Lexington, their median household income was $53,523 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 35.3%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$53,523
Rent-to-income ratio
35.3%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Lexington

Workforce and job types in Lexington

The job market in Lexington is powered by 1,637 working residents, spread across a range of industries and roles. 64.1% of the working population are employed in professional or administrative positions, while 35.9% are in hands-on or service-based jobs. Also, 18% run their own businesses, 67.1% are employed by private companies, and 9.2% work in the public sector.

Workforce demographics

Working population
1,637
4.5% year-over-year change
White collar
1,049
Blue collar
588
Value Percent YoY change
White collar 1,049 64.1% 9.2%
Blue collar 588 35.9% -3.0%
Employer type
Self employees
18%
Private companies
67.1%
Governmental workers
9.2%
Not for profit companies
5.7%
Value Percent YoY change
Self employees 294 18% 44.1%
Private companies 1,099 67.1% -1.2%
Governmental workers 151 9.2% 7.1%
Not for profit companies 93 5.7% -15.4%
Unemployment rate
4.7%
5.2% year-over-year change

Available workforce

The unemployment rate in Lexington stands at 4.7%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Lexington

How people get around in Lexington

Commuting methods vary: 84.4% of residents travel by personal vehicle and 2.9% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 1,319 84.4% 4.3%
Bus or trolleybus 1 0.1% -94.7%
Walk 46 2.9% -2.1%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Lexington by zipcode?

Zipcode Population Number of households Median income Average income
55014 29,047 10,877 $103,658 $121,249

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FAQs about Lexington demographics 

What is the total population of Lexington?

Lexington has a total population of 2,770 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +5.9% compared to a year ago.

What is the gender ratio in Lexington?

The gender ratio in Lexington is as follows:
  • 47.3% males (1,309 residents)
  • 52.7% females (1,461 residents)

What is the median age in Lexington?

The median age in Lexington is 37.2.

What is the age distribution of the population in Lexington?

The age distribution in Lexington is as follows:
  • Under 15: 18.7% (517 residents)
  • Ages 15-24: 15% (416 residents)
  • Ages 25-44: 26.7% (740 residents)
  • Ages 45-64: 30.3% (839 residents)
  • Over 65: 9.3% (258 residents)

What is the racial and ethnic makeup of Lexington?

The racial and ethnic makeup of Lexington is as follows:
  • White: 65% (1,799 residents)
  • Black or African American: 14.6% (404 residents)
  • American Indian and Alaska Native: 0.9% (26 residents)
  • Asian: 5.4% (151 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 8.6% (237 residents)
  • Other: 5.5% (153 residents)

What percentage of the population in Lexington are U.S.-born citizens?

U.S.-born citizens represent 77.9% of the population in Lexington.

How many housing units are there in Lexington?

There are 1,249 housing units in Lexington, reflecting a +4.4% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Lexington and what is the average household size?

Lexington has a total of 1,142 households, with an average of 2 people in each.

What is the median household income in Lexington?

Lexington has a median household income of $75,347, representing a +3.3% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Lexington?

The employment rate is 95.3% in Lexington, with a workforce of 1,637 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 64.1% (1,049 residents)
  • Blue-collar workers: 35.9% (588 residents)

Places of employment:
  • Self-employed: 18% (294 residents)
  • Private companies: 67.1% (1,099 residents)
  • Governmental workers: 9.2% (151 residents)
  • Not-for-profit companies: 5.7% (93 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025