Can I Afford to Live in Lexington vs Phoenix on $150K?
Here's how a $150K/year salary plays out in both cities after taxes, rent, and core living expenses — based on Q1 2026 data.
Monthly budget breakdown
| Expense | Lexington KY | Phoenix AZ |
|---|---|---|
| Monthly take-home (est.) | $8,444 | $8,631 |
| 1BR rent | $1,350 | $1,500 |
| Groceries (est.) | $365 | $369 |
| Transport (est.) | $60 | $64 |
| Utilities | $158 | $210 |
| Internet | $60 | $60 |
| Left after essentials | $6,451/month | $6,428/month |
Frequently asked questions
Is $150K a good salary in Lexington?
At $150K/year in Lexington, your estimated monthly take-home is $8,444. With 1BR rent around $1,350/month, rent takes up 16% of your take-home. That's considered very comfortable.
Is $150K a good salary in Phoenix?
At $150K/year in Phoenix, your estimated monthly take-home is $8,631. With 1BR rent around $1,500/month, rent takes up 17% of your take-home. That's considered very comfortable.
Which city is more affordable on a $150K salary?
Lexington leaves you with more money after core expenses — $6,451/month vs $6,428/month in Phoenix.
Can I afford to live alone in Lexington on $150K?
Yes. At $150K in Lexington, rent takes 16% of your take-home, leaving $6,451/month after essentials. Most financial planners recommend keeping rent below 30%.
See the full cost-of-living comparison
Rent, groceries, taxes, transportation, and more — side by side.
Take-home estimates use simplified federal/state brackets and do not account for pre-tax deductions, 401(k), or local taxes. Data: Zillow, BLS, Numbeo · Q1 2026 · For general guidance only