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Lexington, Tennessee - Basic Facts
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The City of Lexingtonhada population of 8,084 as of July 1, 2023.Lexington ranks inthe upper quartile for Diversity Indexwhen compared to the other cities, towns and Census Designated Places (CDPs) in Tennessee. See peer rankings below.
The primary coordinate point for Lexington is located at latitude 35.6509 and longitude-88.3934 in Henderson County.The formal boundaries for the City of Lexington encompass a land area of 12.33 sq. miles and a water area of 0.19 sq. miles.Henderson County is in the Central time zone (GMT -6).
The City of Lexington has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
The City of Lexington is located within Commissioner District 6, a minor civil division (MCD) of Henderson County.
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- Lexington 2023 Demographic Data
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- Tennessee Data Comparison Tool - 2023 Demographics
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Lexington, TN Data & Demographics (As of July 1, 2023)
POPULATION | |
|---|---|
| Total Population | 8,084 (100%) |
| Population in Households | 7,687 (95.1%) |
| Population in Families | 6,065 (75.0%) |
| Population in Group Quarters1 | 397 ( 4.9%) |
| Population Density | 691 |
| Diversity Index2 | 42 |
INCOME | |
| Median Household Income | $40,927 |
| Average Household Income | $62,213 |
| % of Income for Mortgage4 | 21% |
| Per Capita Income | $25,896 |
| Wealth Index5 | 44 |
| Socioeconomic Status Index6 | Low (40.8) |
HOUSING | |
|---|---|
| Total HU (Housing Units) | 3,687 (100%) |
| Owner Occupied HU | 1,937 (52.5%) |
| Renter Occupied HU | 1,411 (38.3%) |
| Vacant Housing Units | 339 ( 9.2%) |
| Median Home Value | $145,862 |
| Average Home Value | $167,359 |
| Housing Affordability Index3 | 118 |
HOUSEHOLDS | |
| Total Households | 3,348 |
| Average Household Size | 2.30 |
| Family Households | 2,061 |
| Average Family Size | 3.00 |
NOTES
- Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
- The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
- The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
- The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
- The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
- The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.
GROWTH RATE / YEAR | 2020-2023 | 2023-2028 |
|---|---|---|
| Population | 0.49% | -0.40% |
| Households | 0.58% | 0.13% |
| Families | -0.66% | |
| Median Household Income | 3.35% | |
| Per Capita Income | 3.05% | |
| Owner Occupied HU | 0.68% |
Lexington, TN - Peer Comparisons by Rank and Percentile
The table below compares Lexington to the other 504 incorporated cities, towns and CDPs in Tennessee by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
| Variable Description | Rank | Percentile |
|---|---|---|
| Total Population | # 80 | 84th |
| Population Density | # 157 | 69th |
| Median Household Income | # 428 | 15th |
| Housing Affordability Index | # 247 | 49th |
| Per Capita Income | # 369 | 27th |
| Diversity Index | # 106 | 79th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Tennessee Census Data Comparison Tool.
Lexington, TN - Most Popular Things to Do
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