Lexington, MI vs New Troy, MI

Lexington is moderately more affordable than New Troy, with a 9.6% lower cost of living index. Lexington scores 68 compared to 75 for New Troy, where the US average is 100. This difference means residents of New Troy can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lexington is $643/month compared to $975/month in New Troy — a 34% difference. Interestingly, home values tell a different story: while Lexington has cheaper rent, New Troy actually has lower median home values ($174,400 vs $191,000).

Median household income in Lexington is $49,091 compared to $60,250 in New Troy (-18.5%). While New Troy is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lexington spend roughly 15.7% of their income on rent, less than the 19.4% in New Troy.