Lexington, TN vs Monterey, TN

Monterey is moderately more affordable than Lexington, with a 6% lower cost of living index. Lexington scores 68 compared to 64 for Monterey, where the US average is 100. This difference means residents of Lexington can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lexington is $758/month compared to $688/month in Monterey — a 10% difference. Home values follow the same pattern: Monterey is more affordable at $130,600 median vs $173,200.

Median household income in Lexington is $49,253 compared to $42,402 in Monterey (+16.2%). 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 18.5% of their income on rent, less than the 19.5% in Monterey.