Housing costs in Lancaster?
A typical home costs
$299,400, which is 11.4% less expensive than the national average of
$338,100 and 23.3% more expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in Lancaster costs
$1,290 per month, which is 9.8% cheaper than the national average of
$1,430 and 6.2% cheaper than the state average of
$1,210.
Can I afford Lancaster?
To live comfortably in Lancaster Pennsylva Metro Area, Pennsylvania, a minimum annual income of
$57,240 for a family, and
$41,200 for a single person is recommended.
What does A.I. say about Lancaster?
The cost of living in the Lancaster, PA Metro Area is below the national average, at 99.3 compared to the US average of 100. This means that it is slightly more affordable than other parts of the country for things like housing, groceries, and utilities. The median house value in this area is also lower than the national average at $299,400 compared to $338,100. With a lower cost of living and median house value combined with plenty of amenities and attractions, Lancaster is an attractive destination for those looking for a good quality of life.