Housing costs in Lancaster?
A typical home costs
$259,200, which is 23.3% less expensive than the national average of
$338,100 and 0.3% less expensive than the average South Carolina home, at
$259,900. Renting a two-bedroom unit in Lancaster costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 29.1% cheaper than the state average of
$1,110.
Can I afford Lancaster?
To live comfortably in Lancaster, South Carolina, a minimum annual income of
$49,680 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Lancaster?
The cost of living in Lancaster, SC is quite affordable. The median home price is just under $150,000 and the overall cost of living index is 86.2 which is significantly lower than the national average. There are a variety of housing options to choose from, ranging from single-family homes to apartments and townhouses. The city also boasts some great amenities such as parks, restaurants, shopping centers and more, all at a reasonable cost. Overall, this makes Lancaster an excellent place to live for those looking for a relatively low-cost place to call home.