Lexington wins overall by ~12% (COL index)
Cost of living: Phoenix vs Lexington (2026)
A $60,500 salary in Phoenix buys roughly what $53,845 does in Lexington (COL-adjusted). Your real trade-offs are taxes, rent, and day-to-day prices — we break them down and personalize below.
Your move simulator
Tell us about your household — we calculate your real annual savings.
Estimated annual swing
−$1,961/yr
Favoring Lexington for this income & household (illustrative).
With the extra $163/mo, you could pay down a $15,000 card balance in ~92 months and still keep ~$20/mo for dining out.
Studio rent/mo
1BR rent/mo
2BR rent/mo
Median home price
Groceries index (100 = US avg)
Budget meal (1 person)
Mid-range dinner (2)
Monthly transit pass/mo
Gas price/gal
Car insurance/mo
Monthly utilities bundle/mo
Internet/mo
Median household income/yr
State income tax%
Sales tax (combined)%
Movie ticket
Gym membership/mo
Beer at restaurant
Overall COL index (100 = US avg)
Walk score / 100
| Category | Phoenix Arizona | Lexington Kentucky | Who wins | Your impact at $61K · 1br · 1 car |
|---|---|---|---|---|
| 🏠 HousingQ1 2026 | ||||
| Studio rent/mo | $1,200 | $1,100Better | Lexington wins −$100/mo | $1,200/yr saves in Lexington |
| 1BR rent/mo | $1,500 | $1,350Better | Lexington wins −$150/mo | $1,800/yr saves in Lexington |
| 2BR rent/mo | $1,900 | $1,750Better | Lexington wins −$150/mo | $1,800/yr saves in Lexington |
| Median home price | $380K | $270KWins | Lexington wins −$110K | — |
| 🛒 Food & GroceriesQ1 2026 | ||||
| Groceries index (100 = US avg) | 97 | 96Better | Lexington wins -1 | — |
| Budget meal (1 person) | $13 | $12Better | Lexington wins −$1/mo | — |
| Mid-range dinner (2) | $55 | $52Better | Lexington wins −$3/mo | — |
| 🚌 TransportationQ1 2026 | ||||
| Monthly transit pass/mo | $64 | $60Better | Lexington wins −$4/mo | — |
| Gas price/gal | $3.20 | $3.05Better | Lexington wins −$0.15 | — |
| Car insurance/mo | $160 | $145Better | Lexington wins −$15/mo | — |
| ⚡ UtilitiesQ1 2026 | ||||
| Monthly utilities bundle/mo | $210 | $158Wins | Lexington wins −$52/mo | $624/yr saves in Lexington |
| Internet/mo | $60Better | $60 | — | — |
| 💰 Income & TaxesQ1 2026 | ||||
| Median household income/yr | $65KWins | $56K | Phoenix wins −$9K more/yr | — |
| State income tax% | 2.5%Wins | 4.0% | Phoenix wins +1.5 pp | $908/yr saves in Phoenix |
| Sales tax (combined)% | 8.6% | 6.0%Wins | Lexington wins -2.6 pp | — |
| 🎬 LeisureQ1 2026 | ||||
| Movie ticket | $15.00 | $14.00Better | Lexington wins −$1.00 | — |
| Gym membership/mo | $35Better | $35 | — | — |
| Beer at restaurant | $6.00 | $5.50Better | Lexington wins −$0.50 | — |
| 📊 OverviewQ1 2026 | ||||
| Overall COL index (100 = US avg) | 100 | 89Better | Lexington wins -11 | — |
| Walk score / 100 | 41Better | 38 | Phoenix wins -3 more/yr | — |
Complete the Picture
While you’re comparing — don’t leave money on the table.
Tax-smart rewards
Turn ~$912/yr tax difference into cash back
Lexington fits your move math — cash-back cards stack on groceries, gas, and dining you're already doing.
Home + auto bundle
New state — new insurance rates
Bundling often saves hundreds/yr. Compare before you sign a lease in Lexington.
High-yield savings
Grow your move fund while you shop for homes
Don't let relocation cash sit at 0% — put it to work until closing day.
More ways to compare this move
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Open the full interactive tool to add up to 5 cities, drop in your salary, and see rent burden.
Open full interactive toolComplete the Picture
While you’re comparing — don’t leave money on the table.
If cash is tight
Knock down high-interest debt first
A move has upfront costs — a balance transfer or personal loan can lower APR while you settle in.
If you're saving big
Invest the surplus on autopilot
Brokerages and robo-advisors help you dollar-cost average into the market with your new slack.
Frequently asked questions
Is Phoenix cheaper than Lexington?
No. Lexington is 12% cheaper than Phoenix based on overall cost of living indices (89 vs 100, where 100 = US average).
What is the average rent in Phoenix vs Lexington?
As of Q1 2026, the median 1-bedroom rent in Phoenix is $1,500/month and in Lexington is $1,350/month. Phoenix is more expensive by 11%.
How much do I need to earn in Lexington to match a $75,000 salary in Phoenix?
To maintain a similar lifestyle, you would need approximately $66,750/year in Lexington to match a $75,000 salary in Phoenix. This estimate is based on overall cost of living indices and does not account for individual spending patterns.
Which city has lower taxes — Phoenix or Lexington?
Phoenix has the lower state income tax rate at 2.5% vs 4%. The difference is 1.5 percentage points. Note that sales tax and local taxes also vary — see the full breakdown in the table above.
Is it worth moving from Phoenix to Lexington?
It depends on your priorities. Lexington offers lower overall costs, but both cities have different job markets, weather, and lifestyle trade-offs. Use the comparison table above to evaluate rent, groceries, transportation, and income potential side by side based on your specific budget.
Data sourced from Zillow, BLS, Numbeo, Tax Foundation, and US Census ACS · Updated Q1 2026 · For general guidance only
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