Housing costs in Lancaster?
A typical home costs
$112,600, which is 66.7% less expensive than the national average of
$338,100 and 47.0% less expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Lancaster costs
$760 per month, which is 20.0% cheaper than the national average of
$950 and close to the state average of
$750.
Can I afford Lancaster?
To live comfortably in Lancaster (zip 63548), Missouri, a minimum annual income of
$21,600 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Lancaster?
The cost of living in 63548 Lancaster, MO is relatively affordable compared to other cities. The median home value in this area is around $116,500, which is much lower than the national average of $184,700. Renting an apartment can range from $400 to over $1000 per month, depending on size and location. Groceries and basic necessities are also fairly inexpensive and significantly cheaper than many other areas. Overall, the cost of living in 63548 Lancaster, MO is definitely lower when compared to larger cities making it a great place to live for those looking for an affordable lifestyle.