Middlesex County · Massachusetts · Northeast · 34k residents
Lexington, MA: economy, jobs & business costs
The site-selection read on Lexington: labor costs, talent, corporate tax, energy, and business activity, with the Massachusetts median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $2,277/wk. Massachusetts's corporate income tax rate is 8%. Commercial electricity averages 20.9¢/kWh.
Compare Lexington side by side
Avg. weekly wage
$2,277/wk
Corporate income tax
8%
Bachelor's degree or higher
84.3%
Commercial electricity
20.9¢/kWh
Economic momentum
How fast Lexington's economy is moving, ranked against the US cities we track.
45/100
Steady
Ranks Lexington's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $1,203,100 |
| Price per sq. ft. | $400 |
| Property tax rate | 1.14% |
| 1-bedroom rent | $2,212/mo |
| 2-bedroom rent | $3,238/mo |
| State & local income tax | 5% |
| Sales tax | 6.25% |
| Corporate income tax | 8% |
| Avg. weekly wage | $2,277/wk |
| Bachelor's degree or higher | 84.3% |
| Commercial electricity | 20.9¢/kWh |
| Businesses per 1k residents | 35.8/1k |
| Wage: Software developer | $166,090 |
| Wage: Registered nurse | $106,180 |
| Wage: General manager | $133,800 |
| Wage: Customer service | $49,920 |
| Wage: Warehouse worker | $37,700 |
| Wage: Heavy truck driver | $64,010 |
| Wage: Electrician | $79,910 |
| Wage: Retail salesperson | $36,850 |
| Cost of living index | 179 |
| Groceries index | 108 |
| Utilities | $245/mo |
| Transit pass | $90/mo |
| Gas price | $3.35/gal |
| Healthcare index | 108 |
| Childcare (per child) | $1,900/mo |
| Median household income | $238,444 |
| Unemployment rate | 3.6% |
| Population | 34k |
| Crime index | 30/100 |
| School rating | 8.5/10 |
| Walkability | 30/100 |
| Disaster risk | 97/100 |
| Avg. commute | 30 min |
| Sunny days / year | 200 days |
| July high | 85°F |
| January low | 18°F |
| Annual snowfall | — |
| Home price YoY | +2.1% |
| Home price MoM | -0.1% |
| Rent YoY | — |
| Rent MoM | +2.0% |
| Employment (jobs) YoY | -2.5% |
| Building permits YoY | +277.8% |
| Ocean coast | 15 mi |
| Big lake | 79 mi |
| Mountains | 100 mi |
| Major airport | 13 mi |
| Ski resort | 34 mi |
Popular comparisons
Nearby
- Woburn, MA · 42k
- Burlington, MA · 26k
- Winchester, MA · 23k
- Waltham, MA · 65k
- Belmont, MA · 27k
Similar size
- Randolph Town, MA · 35k
- Franklin Town, MA · 33k
- Watertown, MA · 36k
- Needham, MA · 32k
- Norwood, MA · 32k
Real listings in Lexington
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Lexington a good place to run a business?
- Massachusetts's corporate income tax rate is 8%; average weekly wages in the surrounding labor market run $2,277/wk; commercial electricity averages 20.9¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Lexington, MA?
- Lexington indexes at 179 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $3,238/mo and a acs median home value of $1,203,100.
- How much does a house cost in Lexington?
- The acs median home value in Lexington is $1,203,100 (Census ACS estimate; individual listings vary).
- How much is rent in Lexington?
- A two-bedroom in Lexington rents for about $3,238/mo.