Residents also stand to benefit from the region. Lexington is home to one of the nation’s most stable economies. Xerox, Lexmark International, and IBM are three major employers in the city. The University of Kentucky is also a significant employer as many of the residents work for the school.
The median income for a household in Lexington was just under $50,000 per family in 2018. Men tended to earn more than women with a median income calculation of around $36,000. Women earned slightly less with a median income rate of about $29,964. Per capita income for Lexington was just over $30,000 in 2018.
In addition to having a strong economy, the city of Lexington also has a good education sector. The city’s public school system is served by Fayette County with six district high schools and 12 middle schools. Thirty-seven elementary schools service the Lexington area. The abundance of public schools in town is in addition to the numerous private school options that allow parents to connect their children with institutions that are more in line with their belief systems.
Some cities do not offer the benefit of nearby universities. Thus, children are sometimes forced to go out of town for higher education. The University of Kentucky, however, is one of many colleges within city quarters. Bluegrass Community and Technical College and Transylvania University are two of many other schools within the parameters of Lexington.
The opportunity for higher learning apparently has a way of rubbing off. Lexington was recently named as tenth in the nation when it comes to most-educated where the city’s population was more than 250,000 residents. The United States Census Bureau furnished impressive statistics to support the rank. More than 20 percent of adult residents in town held a bachelor’s degree, according to the 2018 Census. Just over 11 percent of those residents held master’s degrees in various chosen fields.
Lexington is the ideal place when you want a good balance between education, employment, and nature. There are more than 100 parks within the city’s quarters and five public golf courses.
You cannot appreciate the beauty that is Lexington without contacting a real estate agent and learning more about the properties available. Contact an expert today to begin the process of buying the home of your dreams!