Living in Lancaster, Kentucky
Cost of living, income, home prices, rent and demographics of Lancaster · Census data 2020–2024
Lancaster has 4,013 residents with a median age of 34. The median household income is $43,898 (31% lower than the Kentucky median), the median home value is $175,300, the median rent is $801/month.
Lancaster at a glance
- Population
- 4,013
- Median age
- 34State: 39.1
- Median household income
- $43,898State: $63,726
- Median home value
- $175,300State: $205,600
- Median rent
- $801/moState: $967
- Homeowners
- 54.6%
- Bachelor's degree or higher
- 13.2%
- Average commute
- 26 min
Is Lancaster a good place to live?
Pros: Home values 15% lower than the state median.
Cons: Median household income 31% lower than the Kentucky median; an average commute of 26 minutes; unemployment of 11.7%; a poverty rate of 29.1%.
The weather is best in May and August to October.
Cost of living in Lancaster
Housing is the biggest part of the cost of living. In Lancaster the median home value is $175,300, 47% lower than the U.S. median. Renters pay a median of $801 per month, which is 36.9% of household income. Homeowners with a mortgage pay $1,332 a month in housing costs.
Lancaster median household income
The median household income in Lancaster is $43,898 and the income per person is $23,631. 29.1% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Lancaster: homes for sale and rent
- Housing units
- 1,642
- Owner-occupied
- 54.6%
- Renter-occupied
- 45.4%
- Vacant
- 9%Includes seasonal homes
- Median year built
- 1968
- Average household size
- 2.62
Lancaster demographics
- Population
- 4,013
- Median age
- 34
- Under 18
- 26.9%
- 65 and older
- 17.4%
- Households
- 1,494
- Foreign-born
- 1.9%
- Veterans
- 7.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Lancaster ›
Education in Lancaster
13.2% of adults 25 and older in Lancaster have a bachelor's degree or higher (Kentucky: 27.6%), and 9.3% have a graduate or professional degree.
Jobs and commute in Lancaster
- Unemployment rate
- 11.7%State: 4.9%
- Average commute
- 26 minState: 24 min
- Work from home
- 9%
- Drive alone
- 79.7%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 86.8%
Lancaster vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lancaster | 4,013 | $43,898 | $175,300 | $801 |
| Stanford | 3,643 | $49,337 | $155,000 | $669 |
| Danville | 17,327 | $52,646 | $207,600 | $762 |
| Junction City | 2,643 | $45,938 | $117,100 | $969 |
| Crab Orchard | 739 | $34,632 | $98,200 | $608 |
| Burgin | 993 | $77,585 | $193,000 | $971 |
| Hustonville | 612 | $40,288 | $132,000 | $427 |
| Berea | 15,786 | $59,495 | $199,900 | $835 |
| High Bridge | 109 | $85,732 | — | — |
More for people moving to Lancaster
Lancaster ZIP code ›Weather and climate ›Living in Lancaster: FAQ
What is the median household income in Lancaster, KY?
The median household income in Lancaster is $43,898, 31% lower than the Kentucky median of $63,726 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lancaster?
The median home value in Lancaster is $175,300, compared with $205,600 in Kentucky.
How much is rent in Lancaster?
The median gross rent in Lancaster is $801 per month, about 36.9% of household income.
Is Lancaster, KY a good place to live?
Pluses: home values 15% lower than the state median. Minuses: median household income 31% lower than the Kentucky median; an average commute of 26 minutes; unemployment of 11.7%; a poverty rate of 29.1%.
What is the median age in Lancaster?
The median age in Lancaster is 34 years (Kentucky: 39.1).
How long is the commute in Lancaster?
The average commute to work in Lancaster is 26 minutes; 9% of workers work from home.
What is the unemployment rate in Lancaster?
The unemployment rate in Lancaster is 11.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lancaster?
13.2% of adults in Lancaster have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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