Housing costs in Lancaster?
A typical home costs
$270,300, which is 20.1% less expensive than the national average of
$338,100 and 21.2% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Lancaster costs
$1,050 per month, which is 26.6% cheaper than the national average of
$1,430 and 33.3% cheaper than the state average of
$1,400.
Can I afford Lancaster?
To live comfortably in Lancaster (zip 22503), Virginia, a minimum annual income of
$51,840 for a family, and
$33,600 for a single person is recommended.
What does A.I. say about Lancaster?
The cost of living in 22503 Lancaster, VA is quite reasonable compared to other areas of the country. Grocery costs and housing are both relatively low, with average grocery prices ranging from $2 to $3 per person per meal. The median home price in the area is just over $100,000; however, rent for a one-bedroom apartment can range from $500 to $800 depending on location. Transportation costs are also low since many people rely on biking or walking for their daily commute. Utility bills tend to be lower than the national average due to favorable weather conditions and energy efficiency initiatives. Overall, living in 22503 Lancaster, VA is an affordable option for those looking for a safe and comfortable place to call home.