Starting a Business in Lexington city, VA
What does it cost to start a business in Lexington city? Here are the numbers.
Avg Startup Cost
$70,238
Monthly Overhead
$1,500
Est. Break-Even
30 mo
Runway
47 mo
Local Business Economics
Cost Factors
Commercial Rent (est.)$1,500/mo
Median Household Income$93,651
Property Tax Rate0.9%
Population (market size)7,346
Market Context
Median Home Value$224,700
Homeownership Rate52.8%
Median Rent$1,000/mo
CountyLexington city
About Lexington city, Virginia
Lexington city in Virginia has a population of 7,346 and a median household income of $93,651. The smaller market may favor service-oriented businesses or online ventures.
These are starting estimates based on county-level data. Your actual startup costs depend on your industry, business model, location within the county, and dozens of other factors. Use our calculator for a detailed viability analysis.
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