Lexington city, Virginia Demographics 2026

Population Overview

Lexington city is located in Virginia with a total population of 7,420. It is the 120th most populous county out of 133 in Virginia. The county encompasses 1 Census-designated place.

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 places Lexington city in the top 10% of all cities in the state for educational attainment. 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.