University Cities | Lexington, Ky
826
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Seemingly purpose-built for the 21st Century knowledge economy.

LEXINGTON, KENTUCKY

UNIVERSITY IN THE CITY OF KENTUCKY

Discovering A New Type of City…

University Cities share a singular DNA that produces a constellation of magical effects: highly educated populations, innovative economies with high rates of entrepreneurship, outsized arts and culture sectors, and large nonprofit sectors that indicate a vibrant civil society. These traits mirror the large, coastal cities, but they happen in mid-sized cities with low unemployment, low-cost living, and extremely low violent crime rates.

These Six Cities…

If one were designing a city from scratch for success in the 21st Century – where educated talent is to the knowledge economy what rivers and ports were to the 20th Century manufacturing economy – then it might look like a University City.

The six cities that have major research universities in their urban cores, have metropolitan populations between 250,000 and one million, and have more than 10 percent of their populations consisting of students, are: Ann Arbor, Durham Chapel-Hill, Fort Collins, Lexington, Lincoln, and Madison.

Lexington has the advantages of the big coastal cities…

FULL OF EDUCATED TALENT…

70% GREATER THAN THE NATIONAL AVERAGE

 

PERCENT OF POPULATION WITH BACHELORS DEGREE OR ABOVE 2016
Source: 2016 Census Bureau
LEXINGTON0%
30.96 % greater than the national average
Cities of the same size0%
Large Metros0%
National Average0%

HIGHLY ENTREPREN-

EURIAL…

BUSINESS STARTS PER 100,000 2014
Source: 2014 Census Bureau
226000
LEXINGTON
26.1174 % greater than the similarly sized cities
246000

LARGE METROS

184000

CITIES OF THE SAME SIZE

201000

NATIONAL AVERAGE

ECONOMICALLY INNOVATIVE…

GDP GROWTH 2009-2016
17% GREATER THAN THE SIMILARLY SIZED CITIES

 

Source: 2016 U.S. Bureau of Economic Analysis
LEXINGTON - GDP Growth (%) 2009-20160%
19.89 % greater than the similarly sized cities
Cities of the same size0%
Large Metros0%
National Average0%

AND HAVE OUTSIZED ARTS & CULTURE SECTORS…

ARTS AND CULTURAL INSTITUTIONS PER 100,000
2016 44% GREATER THAN SIMILARLY SIZED CITIES

 

 

Source: 2016 Census Bureau
47100
LEXINGTON
32.7% greater than the similarly sized cities
61000

LARGE METROS

39000

CITIES OF THE SAME SIZE

43000

NATIONAL AVERAGE

LOW LIVING COSTS…

MIT LIVING WAGE INDEX 2016

 

 

Add source: 2018 MIT Living Wage

$ 13.01

LEXINGTON
14.88 % lower than large metros
$ 13.17
LARGE METROS
$ 12.52
CITIES OF SIMILAR SIZE

LOW UNEMPLOYMENT RATES…

AVERAGE UNEMPLOYMENT  RATE 2017

 

 

Source: 2017 Bureau of Labor Statistics

3.00 %

LEXIGTON
26.3% lower than large metros
4.80 %
CITIES OF SIMILAR SIZE
4.30 %
LARGE METROS
4.70 %
NATIONAL AVERAGE

AND VERY LOW VIOLENT CRIME RATES…

VIOLENT CRIMES PER 100,000

 

 

Source: 2016 Federal Bureau of Investigation uniform crime report
26400
LEXINGTON
51.87 % lower than large metros
44900

LARGE METROS

45300

CITIES OF THE SAME SIZE

38600

NATIONAL AVERAGE