Lexington, OH vs Malvern, OH
There is a significant gap in the cost of living between these two cities. Malvern is 17.7% cheaper than Lexington. With a cost index of 58 vs 68, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Malvern to Lexington should plan for substantially higher expenses across most categories.
On the housing front, median rent in Lexington is $756/month compared to $573/month in Malvern — a 32% difference. Home values follow the same pattern: Malvern is more affordable at $117,800 median vs $183,500.
Median household income in Lexington is $56,068 compared to $28,327 in Malvern (+97.9%). While Lexington 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 16.2% of their income on rent, less than the 24.3% in Malvern.
Climate-wise, both cities share similar average temperatures (50.6°F vs 51.8°F). Lexington receives more rainfall at 42.5" per year compared to 38.7" in Malvern.
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