Housing costs in Lancaster?
A typical home costs
$469,100, which is 38.7% more expensive than the national average of
$338,100 and 15.8% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Lancaster costs
$2,330 per month, which is 62.9% more than the national average of
$1,430 and 8.2% more than the state average of
$2,140.
Can I afford Lancaster?
To live comfortably in Lancaster, Massachusetts, a minimum annual income of
$90,000 for a family, and
$72,000 for a single person is recommended.
What does A.I. say about Lancaster?
The cost of living in Lancaster, MA is relatively low compared to other cities in Massachusetts. The median home value is $270,800 and the median household income is $68,722. This means that the average person can afford a comfortable lifestyle in Lancaster. Additionally, the overall cost of living index is below the national average at 94.8. Groceries, housing, healthcare, transportation and utilities are all generally lower than the national averages as well, providing an affordable lifestyle for residents.