Best Places for Business and Careers 2019

Lexington, KY

Lexington-Fayette, KY
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Lexington, KY

Lexington-Fayette, KY
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gross metro product
$29B
population
516.7K
median household income
$60,777
median home price
$178,000
cost of living
8% below nat'l avg
college attainment
37.5%
net migration
290 (year: 2018)
unemployment
3.3%
As of October 2019
population
331.0K
median home price
$276,000
cost of living
90
As of May 2023
Lexington is home to the headquarters of Lexmark International and schools like Transylvania University, the University of Kentucky and Bluegrass Community & Technical College. The city is characterized for its surrounding horse farms that give the region its identity, but also for its rapidly developing urban center. Lexington is home to two historic horse racing tracks, Keeneland, sporting live races since 1936, and The Red Mile Harness Track, the oldest horse racing track in the city, and second oldest in the nation.
Lexington is also home to many thriving arts organizations including a professional orchestra, two ballet companies, professional theatre, several museums and a highly respected opera program at the University of Kentucky. In addition, there are several events and fairs that draw people from throughout the country, including the Festival of Bluegrass, Kentucky's oldest bluegrass music festival.
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On forbes lists
Best Places to Retire 2023
#33
Best Places for Business and Careers 2019
#80
In Cost of Doing Business
#110
In Job Growth
#43
In Education
Best Places to Retire In Each State 2018
By The Numbers
EmploymentHousingEducationQuality of Life
Projected Annual Job Growth
1%
Unemployment
3.3%
Median Household Income
$60,777
Household Income Growth
4.2%
High-Tech Employment
1.8%
  • Data is for the metro area
  • Sources: Moody's Analytics; Sperling's BestPlaces; U.S. Census.
  • Numbers as of October 2019


  • a - Value of 100 means that a family with the median income has exactly enough income to qualify for a typical mortgage on a median-priced single-family home. An index above 100 signifies that the family has surplus income.
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More on Forbes

Apr 14, 2021

13 New Spins On The Classic Mint Julep From Top Mixologists

One of my favorite cocktails out there is the mint julep. Town Branch Distillery, the first distillery to open up in Lexington. KY since prohibition, just launched a new bartender campaign around the drink to salute the 147th running of the Kentucky Derby this year.
ByEmily PriceContributor
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