Housing costs in Lancaster?
A typical home costs
$460,500, which is 36.2% more expensive than the national average of
$338,100 and 17.4% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Lancaster costs
$2,260 per month, which is 58.0% more than the national average of
$1,430 and 5.3% more than the state average of
$2,140.
Can I afford Lancaster?
To live comfortably in Lancaster (zip 01523), Massachusetts, a minimum annual income of
$88,200 for a family, and
$69,600 for a single person is recommended.
What does A.I. say about Lancaster?
The cost of living in 01523 Lancaster, MA is generally considered to be quite high. The median home value for the area is around $249,000, with an average rent of $1,450 per month. The cost of groceries and other necessities is also higher than the national average. Gas prices are typically higher than most other areas as well. Overall, Lancaster is a desirable place to live due to its desirable location and access to amenities but it comes with a steep price tag.