Living in Lancaster, Massachusetts
Cost of living, income, home prices, rent and demographics of Lancaster · Census data 2020–2024
Lancaster has 8,606 residents with a median age of 43.1. The median household income is $134,833 (30% higher than the Massachusetts median), the median home value is $519,100, the median rent is $2,338/month.
Lancaster at a glance
- Population
- 8,606
- Median age
- 43.1State: 40
- Median household income
- $134,833State: $103,960
- Median home value
- $519,100State: $562,100
- Median rent
- $2,338/moState: $1,762
- Homeowners
- 85.1%
- Bachelor's degree or higher
- 50.3%
- Average commute
- 32 min
Is Lancaster a good place to live?
Pros: Median household income 30% higher than the Massachusetts median; home values 8% lower than the state median; a poverty rate of 1.4%.
Cons: An average commute of 32 minutes; unemployment of 6.9%.
The weather is best in June to September.
Cost of living in Lancaster
Housing is the biggest part of the cost of living. In Lancaster the median home value is $519,100, 56% higher than the U.S. median. Renters pay a median of $2,338 per month, which is 38.1% of household income. Homeowners with a mortgage pay $2,660 a month in housing costs.
Lancaster median household income
The median household income in Lancaster is $134,833 and the income per person is $51,052. 1.4% of residents live below the poverty line (Massachusetts: 10%).
Housing in Lancaster: homes for sale and rent
- Housing units
- 3,025
- Owner-occupied
- 85.1%
- Renter-occupied
- 14.9%
- Vacant
- 2.1%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.54
Lancaster demographics
- Population
- 8,606
- Median age
- 43.1
- Under 18
- 19.2%
- 65 and older
- 19.9%
- Households
- 2,960
- Foreign-born
- 6.4%
- Veterans
- 5%Adults 18+
Hispanic or Latino can be of any race. Population history of Lancaster ›
Education in Lancaster
50.3% of adults 25 and older in Lancaster have a bachelor's degree or higher (Massachusetts: 47.3%), and 18.7% have a graduate or professional degree.
Jobs and commute in Lancaster
- Unemployment rate
- 6.9%State: 5.2%
- Average commute
- 32 minState: 29 min
- Work from home
- 33.6%
- Drive alone
- 55.9%
- Public transit
- 2%
- Walk to work
- 0.7%
- Homes with broadband
- 97%
Lancaster vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lancaster | 8,606 | $134,833 | $519,100 | $2,338 |
| South Lancaster | 2,177 | $109,173 | $421,400 | $1,893 |
| Harvard | 6,927 | $213,996 | $833,600 | $1,321 |
| Bolton | 5,737 | $205,449 | $796,000 | $1,583 |
| Clinton | 15,563 | $89,781 | $387,300 | $1,402 |
| Devens | 1,723 | $189,250 | $556,800 | $1,500 |
| Leominster | 43,909 | $83,816 | $380,400 | $1,354 |
| Sterling | 8,183 | $129,063 | $498,800 | $1,699 |
| Shirley | 6,976 | $122,365 | $427,600 | $1,481 |
More for people moving to Lancaster
Lancaster ZIP code ›Weather and climate ›Living in Lancaster: FAQ
What is the median household income in Lancaster, MA?
The median household income in Lancaster is $134,833, 30% higher than the Massachusetts median of $103,960 (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 $519,100, compared with $562,100 in Massachusetts.
How much is rent in Lancaster?
The median gross rent in Lancaster is $2,338 per month, about 38.1% of household income.
Is Lancaster, MA a good place to live?
Pluses: median household income 30% higher than the Massachusetts median; home values 8% lower than the state median; a poverty rate of 1.4%. Minuses: an average commute of 32 minutes; unemployment of 6.9%.
What is the median age in Lancaster?
The median age in Lancaster is 43.1 years (Massachusetts: 40).
How long is the commute in Lancaster?
The average commute to work in Lancaster is 32 minutes; 33.6% of workers work from home.
What is the unemployment rate in Lancaster?
The unemployment rate in Lancaster is 6.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lancaster?
50.3% 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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