Lexington, Virginia Demographics & Population 2026
During the 2020–2024 ACS period, Lexington, Virginia had a total population of 7,525, the 164th largest city in Virginia, with a median household income of $84,517, which is 9% lower than the state average. The poverty rate is 14.0%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Near full employment with an unemployment rate of just 0.6%.
Lexington Quick Facts
How Lexington Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 7,420 | 7,525 | +1.4% |
| Median household income | $89,598 | $84,517 | -5.7% |
| Median home value | $275,300 | $275,200 | -0.0% |
How Lexington Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 61 | National average: 61
Education
Educational Attainment (Adults 25+)
Lexington Rankings in Virginia
Explore Virginia Rankings
Cities Similar to Lexington
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Spotsylvania Courthouse | 7,180 | $95,331 | $395,700 | 31.0% | 12.6% |
| Bedford | 7,724 | $70,288 | $222,500 | 27.9% | 12.2% |
| Hutchison | 7,284 | $105,651 | $476,900 | 39.7% | 14.5% |
| Bridgewater | 6,708 | $75,280 | $384,700 | 46.7% | 6.3% |
| Lake of the Woods | 7,984 | $109,153 | $399,300 | 45.6% | 5.5% |
Population Overview
Lexington is a small city located in Virginia. The total population is 7,525. It ranks as the 164th most populous out of 681 Census-designated places in Virginia.
Age Demographics
The median age in Lexington is 22.6 years. This is 42% lower than the state median of 39.0 years. Only 7.3% of residents are under 18, indicating fewer families with children.
Economy, Income & Housing
The median household income in Lexington is $84,517. This is 9% lower than the state median of $93,170. It is also 5% higher than the national median of $80,734. The poverty rate stands at 14.0%. This is 42% higher than the state poverty rate of 9.9%. The unemployment rate is 0.6%. This is 85% lower than the state rate of 4.3%. The median home value is $275,200. Housing costs are 28% lower than the state median of $383,700. The home-value-to-income ratio is 3.3x. 53.8% of occupied housing units are owner-occupied. This homeownership rate is 20% lower than the state average of 67.3%.
Race & Ethnicity
The largest racial or ethnic group in Lexington is White (non-Hispanic), making up 78.2% of the population. Hispanic or Latino residents account for 6.3%. The Black or African American population (5.8%) is well below the state average of 18.3%.
Education
50.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 20% higher than the state rate of 42.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.1%. Notably, 30.1% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Lexington, Virginia is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
Free data download: Get all Virginia city and county demographics as CSV. Download Cities CSV | Download Counties CSV
Frequently Asked Questions
What is the population of Lexington, Virginia?
Lexington, Virginia has a population of 7,525 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Lexington, VA?
The median household income in Lexington is $84,517, which is 5% higher than the national median of $80,734.
What is the poverty rate in Lexington, VA?
The poverty rate in Lexington is 14.0%. This means approximately 606 residents live below the federal poverty line.
What is the racial makeup of Lexington, Virginia?
Lexington's population is 78.2% White, 5.8% Black, 6.3% Hispanic/Latino, and 3.5% Asian.
What is the median home value in Lexington, VA?
The median home value in Lexington is $275,200. The home-value-to-income ratio is 3.3x.
How educated is Lexington, Virginia?
50.7% of adults (25+) in Lexington hold a bachelor's degree or higher, and 30.1% hold a graduate or professional degree.