Official Federal Data
Lexington city, Virginia
FIPS 51678 · Population 7,525
9 Sources
Updated June 22, 2026
$84,517 ▲
Median Income
$80,734 national
5% ▲
Unemployment
4% national
2,987
Labor Force
50.7% ▲
Bachelor's+
35.7% national
Small population: 7,525 residents. These figures come from the U.S. Census Bureau’s American Community Survey 5-year estimates, which carry a wide margin of error for places under 20,000 people. Read each value as an approximate range, and treat year-over-year changes as indicative rather than exact. A small shift can reflect survey sampling, not a real change on the ground.
Demographics & Population
Census Bureau American Community Survey 2020-2024 · 5-Year Estimates
Household Income
Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
Median Household
$84,517 ▲
Per Capita
$31,955 ▲
Mean Household
$96,459 ▲
Poverty Rate
14% ▼approx.
Median Income Comparison
Lexington city$84,517
Virginia$93,170
National$80,734
Population Profile
Source: Census Bureau ACS 2020-2024 · Tables B01001, B02001, B03003
Cohorts
Under 18 · 7.3%
18-34 · 55.4%
35-54 · 13.2%
55-64 · 7.2%
65+ · 16.9%
Race & Ethnicity
Hispanic or Latino is an ethnic category and overlaps with the race categories above.
Educational Attainment
Source: Census Bureau ACS 2020-2024 · Table B15003 · Population 25+
91.1%
High School+
National: 89.6%
▲ +1.5 pts
50.7%
Bachelor's+
National: 35.7%
▲ +15.0 pts
30.1%
Graduate+
National: 14.1%
▲ +16.0 pts
Employment Overview
Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
7,525
Population
2,987
Labor Force
Employed
2,960
Unemployment Rate BLS LAUS 2025 annual
5% ▲ +0.7 pts YoY
Mean Commute 26 min below national avg
0.0 min
Work From Home vs 15.1% national
14.5%
Key Takeaways
- Talent advantage: Bachelor's-or-higher attainment exceeds the national average by 15.0 pts, supports knowledge-economy and tech attraction.
- Young population: Median age of 23 is materially below the U.S. norm, a workforce pipeline asset.
Economy & Industry
Bureau of Labor Statistics QCEW · Bureau of Economic Analysis
Key Takeaways
- Largest sector: Other Services (except Public Administration) employs 159 workers (35.4% of tracked sectors), at an average wage of $63,057.
- Wage stratification: Finance and Insurance averages $87,798 while Administrative and Support and Waste Management averages $30,436, a 2.9x spread in the same local economy, with implications for workforce development and talent strategy.
Source: BLS QCEW.
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Industry Concentration
Location Quotient measures regional specialization vs. national average. LQ > 1.0 = concentrated.
Cluster Depth
Source: BLS QCEW · Sub-sectors with LQ ≥ 1.5 indicate genuine cluster concentration
Dominant Cluster
Accommodation & Food Services Cluster
Coherent grouping of concentrated sub-sectors, signals supply-chain fit for site selectors
722
Cluster Employment
1.69x
Peak LQ
Concentrated Sub-Sectors
Religious, Grantmaking, Civic, Professional Orgs
2.06x 103
Food Services and Drinking Places
1.69x 722
Sporting Goods, Hobby, Musical Instrument, Book, and Misc. Retailers
1.58x 82
Attraction Opportunities
LQ < 0.5 with ≥ 50 employed, realistic diversification targets. Source: BLS QCEW
0.38x
Professional, Scientific, and Technical Services
145 employed
0.47x
Ambulatory Health Care Services
150 employed
Key Takeaways
- Top specialization: Religious, Grantmaking, Civic, Professional Orgs concentrates at 2.06x the national norm.
- Cluster depth: 3 sub-sectors register LQ ≥ 1.5, suggesting an interconnected industrial base rather than reliance on a single employer or sector.
- Attraction whitespace: 5 sub-sectors register LQ < 0.5, candidates for diversification or recruitment depending on labor-market fit.
Source: BLS QCEW sub-sector Location Quotients.
Housing & Affordability
Census ACS · HUD Fair Market Rents FY2026
Housing Overview
Source: Census Bureau ACS 2020-2024 5-Year Estimates · Tables B25001, B25077, B25064
$275,200 ▲
Median Home Value vs 2019
$1,081 ▲
Rent/Mo
53.8% ▲
Owner-Occ
22.1% ▲
Vacancy
3.3x
Home Value to Income Ratio
vs. ~4.1x national average
HUD Fair Market Rents
Source: HUD · Fair Market Rents FY2026
Studio
$870/mo
1 Bedroom
$917/mo
2 Bedroom
$1,005/mo
3 Bedroom
$1,398/mo
4 Bedroom
$1,686/mo
30% of monthly median household income (~$2,113/mo) · rents above this line are typically considered cost-burdened.
Key Takeaways
- In line with national: Home value to income ratio of 3.3x sits near the ~4.1x national average; affordability is neither a clear advantage nor a recruitment friction.
- Elevated vacancy: 22.1% vacancy rate. In resort, rural, and seasonal markets much of this is recreational/seasonal (second homes), not available supply; confirm the vacancy-by-reason split before treating it as a redevelopment opportunity.
- Broadly affordable rents: All 5 HUD Fair Market Rent bedroom tiers sit below the 30%-of-median-income affordability threshold (~$2,113/mo), a clear cost-of-living advantage for workforce attraction.
Source: Census ACS housing tables + HUD Fair Market Rents.
Workforce Pipeline
Labor force readiness, commuting, and workforce composition
Labor Market Overview
Source: Census ACS 2020-2024 · Tables B01001, B23025, B08303, B08301
5,704 ▲
Working Age (18-64) vs 2019
Mean Commute 26 min below national avg
0.0 min
Work From Home vs 15.1% national
14.5%
Prime-Age Employed (25-54)
88.2%
of prime-age population
▲ vs 2019
Education & Talent Pipeline
Source: Census ACS 2020-2024 · Table B15003 · College Scorecard
Bachelor's+
50.7% ▲
HS Diploma+
91.1% ▼
Regional / Statewide Institutions
Total credentials awarded
72,277/yr
25,513/yr
10,335/yr
10,020/yr
9,615/yr
9,087/yr
7,707/yr
Aging Workforce
Source: Census Bureau ACS · Derived from age & employment tables
9.5%
55-64 of working-age population (18-64)
Workforce by Occupation
Source: Census ACS 2020-2024 · Table C24010 · Civilian employed population 16+
Management / Professional
51.5%
Service
24.1%
Sales & Office
19.2%
Construction / Maint.
2.2%
Production / Transport
3.1%
Bars scaled 2× for visual differentiation; percentage labels show actual share of 2,960 employed workers.
Key Takeaways
- Low participation: 42.8% labor force participation suggests untapped capacity; workforce development programs may unlock supply.
- Talent pipeline: 6 regional institutions feed the workforce; the top three combined produce 45,868 annual credentials.
Source: ACS workforce data and College Scorecard.
AI Insights
AI-assisted analysis, drawn from 9 federal data sources
Sample AI Insight
Lexington city shows emerging potential for religious, grantmaking, civic, professional orgs attraction, with a 2.06x concentration and 103 jobs in this sub-sector.
The interconnected base across religious, grantmaking, civic, professional orgs, food services and drinking places, and sporting goods, hobby, musical instrument, book, and misc. retailers creates supply-chain attraction leverage rather than single-employer risk, a structural advantage for industrial recruitment.
Industry Shift Analysis
Manufacturing Automation Risk
High
Healthcare Growth Forecast
+4.2% CAGR
Remote Work Migration
67/100
Prospect Match Scores
Advanced Manufacturing
92/100
Life Sciences
84/100
Data Centers
71/100
Illustrative example
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Data Sources
Updated from official federal government data.
Census ACS 5-Year2024
BLS QCEW2025 annual
BLS LAUS (via FRED)2025 annual
BEA Regional GDP2024
Census CBP2023
HUD Fair Market RentsFY2026
FCC Broadband Map2024
USAspending.govFY2026
College ScorecardAY 2022-23
Frequently Asked Questions
Key economic and demographic figures for Lexington city, Virginia, from federal data sources.
What is the population of Lexington city, Virginia?
7,525 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the median household income in Lexington city, Virginia?
$84,517 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the unemployment rate in Lexington city, Virginia?
5% (2025 annual average, U.S. Bureau of Labor Statistics, LAUS).
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