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Lexington, Kentucky

Profile:

Frontiersmen at Elkhorn Creek, Virginia (17 years before Kentucky became a state), named their campsite Lexington in honor of the colonists’ victory in the Battles of Lexington and Concord on April 19, 1775. By 1820 it had become one of the largest and wealthiest towns west of the Allegheny Mountains. The cultured lifestyle of its residents earned Lexington the nickname “Athens of the West.”

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The native bluegrass which grows on the underlying limestone contributes to Lexington’s scenic beauty and has helped make it the “Horse Capital of the World.” The area is noted for its excellent pastureland and stock farms. But since the early 1950s Lexington’s economy has increasingly relied on manufacturing, technology, and education. Two Fortune 500 companies call Lexington home: Affiliated Computer Services and Lexmark International.

Population:

  • City population: 268,000 in 2005, 70th-most populous in the U.S.

Interesting Facts:

  • Elevation of Lexington: 1000 feet
  • Median value of a Lexington house/condo in 2005: $142,900
  • Median real estate property taxes paid for housing units with mortgages in 2005: $1,208 (0.8%)
  • Number of single-family new-home construction permits issued in 2005: 2399. Average cost: $125,500
  • The average annual temperature in Lexington is 54.9º F
  • The University of Kentucky Wildcats basketball team has won more games than any other team in college basketball history

Demographic:

  • The racial makeup of Boise:
    • White (79.1%)
    • Black (13.5%)
    • Hispanic (3.3%)
    • Two or more races (1.6%)
    • Other race (1.2%)
    • Chinese (0.8%)
    • American Indian (0.6%)
    • Asian Indian (0.6%)
  • Median age: 33.0
  • Ancestries: German (13.5%), English (12.4%), Irish (12.0%), United States (11.7%), Scotch-Irish (2.9%), Italian (2.6%).
  • Among people in Lexington age 25 and above, 35.6% have a college degree
  • Change in Lexington’s population in the 1990s: +34,240 (+15.1%)
  • Average household size: 2.29

Avg. Family Income:

  • Median household income in 2005: $42,442

Transportation:

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If you qualify to be considered as a franchisee, additional information will be sent to help you determine if Archadeck is right for you.
  • Automobile: Lexington is serviced by both Interstate 64 and Interstate 75, though neither they nor any other freeway run through the city proper. New Circle Road (KY 4) acts as an inner-beltway around the city
  • Bus: LexTran operates eight routes from 5:30 a.m. to 11:20 p.m. daily
  • Airport: There are about 65 flights daily from Blue Grass Airport, 4 miles west of Lexington