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Lexington, MI 48450 has a population of approximately 4,506 and experiences a population change rate of -9.84%. The population density is 202.5 / sq mi .
The median household income for Lexington, MI 48450 is $50,181, with 2,261 households and an average household size of 1.89.
The median value of a home in Lexington, MI 48450 is $182,300 with an appreciation rate of 12.80%. 44.45% of housing in the state is owned while 11.60% is rented.
The cost of living in Lexington, MI 48450 is 89.6 %.
The unemployment rate in Lexington, MI 48450 is 4.50%, and recent job growth is at 1.32%. Future job growth is projected at 29.21%.
The sales tax rate in Lexington, MI 48450 is 6.00%, while the income tax rate is 4.25% .
School expenditures in Lexington, MI 48450 are $11,598, and the school ratio is 17.9:1.
The average high temperature in July is 80.1 degrees, with an average low temperature in January of 16 degrees. The average rainfall is approximately 33.2 inches per year, with 39.1 inches of snow per year.
