Housing costs in Lancaster?
A typical home costs
$203,500, which is 39.8% less expensive than the national average of
$338,100 and 4.7% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Lancaster costs
$760 per month, which is 46.9% cheaper than the national average of
$1,430 and 21.1% cheaper than the state average of
$920.
Can I afford Lancaster?
To live comfortably in Lancaster (zip 40444), Kentucky, a minimum annual income of
$38,880 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Lancaster?
The cost of living in 40444 Lancaster, KY is relatively low compared to the national average. Housing prices tend to be lower than many other areas; for example, the median home value in the area is about $128,000. Utility costs are also lower than most other parts of the country, which helps balance out any higher food and transportation costs that locals may encounter. Overall, residents of this area enjoy a fairly affordable lifestyle when it comes to their daily expenses.