Lexington city, Virginia Demographics & Population 2026

Population Overview

Lexington city is a small city located in Virginia, within Lexington city. The total population is 7,420. It ranks as the 165th most populous out of 681 cities and towns in Virginia.

Age Demographics

The median age in Lexington city is 22.5 years. This is 42% lower than the state median of 38.8 years. Only 7.1% of residents are under 18, indicating fewer families with children.

Economy, Income & Housing

The median household income in Lexington city is $89,598. This is 2% lower than the state median of $90,974. Compared to the national median of $78,538, household income here is 14% higher. The poverty rate stands at 15.9%. This is 61% higher than the state poverty rate of 9.9%. The unemployment rate is 0.7%. This is 85% lower than the state rate of 4.3%. The median home value is $275,300. Housing costs are 24% lower than the state median of $360,700. The home-value-to-income ratio is 3.1x. 51.7% of occupied housing units are owner-occupied. This homeownership rate is 23% lower than the state average of 67.2%.

Race & Ethnicity

The largest racial or ethnic group in Lexington city is White (non-Hispanic), making up 79.1% of the population. Hispanic or Latino residents account for 4.9%. The Black or African American population (4.7%) is well below the state average of 18.4%. The Hispanic or Latino population (4.9%) is well below the state average of 10.7%. The Asian population (3.2%) is well below the state average of 6.8%.

Education

57.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 38% higher than the state rate of 41.5%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.9%. Notably, 32.4% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Lexington city, Virginia is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Virginia state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 681 Census-designated places in Virginia. For official data, visit data.census.gov.