Living in Lancaster, Missouri
Cost of living, income, home prices, rent and demographics of Lancaster · Census data 2020–2024
Lancaster has 742 residents with a median age of 32.7. The median household income is $49,444 (30% lower than the Missouri median), the median home value is $154,800, the median rent is $349/month.
Lancaster is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lancaster at a glance
- Population
- 742
- Median age
- 32.7State: 39
- Median household income
- $49,444State: $70,702
- Median home value
- $154,800State: $230,300
- Median rent
- $349/moState: $1,033
- Homeowners
- 71%
- Bachelor's degree or higher
- 16.8%
- Average commute
- 22 min
Is Lancaster a good place to live?
Pros: Home values 33% lower than the state median; an average commute of 22 minutes; unemployment of 2.7%.
Cons: Median household income 30% lower than the Missouri median; a poverty rate of 23.1%.
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 $154,800, 53% lower than the U.S. median. Renters pay a median of $349 per month, which is 21.6% of household income. Homeowners with a mortgage pay $1,080 a month in housing costs.
Lancaster median household income
The median household income in Lancaster is $49,444 and the income per person is $25,965. 23.1% of residents live below the poverty line (Missouri: 12.6%).
Housing in Lancaster: homes for sale and rent
- Housing units
- 326
- Owner-occupied
- 71%
- Renter-occupied
- 29%
- Vacant
- 23.9%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.99
Lancaster demographics
- Population
- 742
- Median age
- 32.7
- Under 18
- 22.4%
- 65 and older
- 13.1%
- Households
- 248
- Foreign-born
- 0%
- Veterans
- 6.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Lancaster ›
Education in Lancaster
16.8% of adults 25 and older in Lancaster have a bachelor's degree or higher (Missouri: 32.4%), and 4% have a graduate or professional degree.
Jobs and commute in Lancaster
- Unemployment rate
- 2.7%State: 4%
- Average commute
- 22 minState: 24 min
- Work from home
- 3.5%
- Drive alone
- 77.6%
- Public transit
- 0%
- Walk to work
- 4.5%
- Homes with broadband
- 62.1%
Lancaster vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lancaster | 742 | $49,444 | $154,800 | $349 |
| Glenwood | 205 | $90,625 | $68,000 | — |
| Queen City | 650 | $48,884 | $66,900 | $383 |
| Downing | 277 | $32,308 | $79,200 | $361 |
| Greentop | 331 | $67,614 | $115,300 | $408 |
| Moulton | 498 | $66,250 | $81,800 | $644 |
| Bloomfield | 2,742 | $60,769 | $132,000 | $951 |
| Pulaski | 403 | $73,438 | $102,600 | $747 |
| Drakesville | 149 | $81,250 | $114,300 | — |
More for people moving to Lancaster
Lancaster ZIP code ›Weather and climate ›Living in Lancaster: FAQ
What is the median household income in Lancaster, MO?
The median household income in Lancaster is $49,444, 30% lower than the Missouri median of $70,702 (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 $154,800, compared with $230,300 in Missouri.
How much is rent in Lancaster?
The median gross rent in Lancaster is $349 per month, about 21.6% of household income.
Is Lancaster, MO a good place to live?
Pluses: home values 33% lower than the state median; an average commute of 22 minutes; unemployment of 2.7%. Minuses: median household income 30% lower than the Missouri median; a poverty rate of 23.1%.
What is the median age in Lancaster?
The median age in Lancaster is 32.7 years (Missouri: 39).
How long is the commute in Lancaster?
The average commute to work in Lancaster is 22 minutes; 3.5% of workers work from home.
What is the unemployment rate in Lancaster?
The unemployment rate in Lancaster is 2.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lancaster?
16.8% 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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