Housing costs in Lancaster?
A typical home costs
$193,400, which is 42.8% less expensive than the national average of
$338,100 and 0.5% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Lancaster costs
$780 per month, which is 45.5% cheaper than the national average of
$1,430 and 17.9% cheaper than the state average of
$920.
Can I afford Lancaster?
To live comfortably in Lancaster, Kentucky, a minimum annual income of
$37,080 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Lancaster?
Lancaster, KY is a relatively affordable place to live. The overall cost of living in the city is 8% lower than the national average, making it a very attractive option for those looking for an affordable lifestyle without sacrificing quality of life. The housing market in particular is especially affordable with median home prices that are more than 10% lower than the national average. Additionally, groceries and utilities remain generally low in price and transportation costs are minimal due to its central location close to major highways and interstates. All in all, Lancaster, KY provides great value and affordability when it comes to the cost of living.