Lancaster, OH Cost Of Living
Cost Of Living In Lancaster, OH Summary
Cost of living in Lancaster research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lancaster is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Ohio, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Lancaster is 86, with 100 being the average.
The cost of living index in Lancaster is 0.9x lower than the national average.
Lancaster ranks as the #69 cheapest in Ohio out of 286.
Lancaster ranks as the #938 cheapest out of 6,412 in the US.
The median home value in Lancaster is $141,300.
The median income in Lancaster is $50,994.
Table Of Contents
Lancaster's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Lancaster, OH?
According to the most recent data on the cost of living, Lancaster has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to Ohio, Lancaster has a cost of living index that's 0.9x lower than Ohio's index of 91.
The standard of living in Lancaster ranks as #69 most affordable out of the 286 places we measured in Ohio. By definition, that implies Lancaster ranks as the #217 most expensive place in the Buckeye State.
For more reading on life in Lancaster, check out:
- Living In Lancaster
- Lancaster Crime Report
- Search Homes For Sale In Lancaster, OH
In Ohio
In America
Lancaster Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Lancaster. Here is how it fairs on each of the criteria:
The Services index in Lancaster is 94.
The Groceries index in Lancaster is 99.
The Health index in Lancaster is 96.
The Housing index in Lancaster is 68.
The Transportation index in Lancaster is 99.
The Utilities index in Lancaster is 86.
| Living Expense | Lancaster | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 86 | 91 | 100 | |
| Services | 94 | 98 | 100 | |
| Groceries | 99 | 101 | 100 | |
| Health | 96 | 95 | 100 | |
| Housing | 68 | 73 | 100 | |
| Transportation | 99 | 98 | 100 | |
| Utilities | 86 | 93 | 100 | |
Lancaster, OH Housing Cost Breakdown
Housing swings affordability the most between places in Ohio, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Lancaster is $141,300.
The Median Rent in Lancaster is $887.
The Median Income in Lancaster is $50,994.
The Home Value To Income in Lancaster is 2.8x.
The Rent To Monthly Income in Lancaster is 0.21x.
| Statistic | Lancaster | Ohio | United States |
|---|---|---|---|
| Median Home Value | $141,300 | $159,900 | $244,900 |
| Median Rent | $887 | $870 | $1,163 |
| Median Income | $50,994 | $61,938 | $69,021 |
| Home Value To Income | 2.8x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Lancaster, OH Costs By Category
Detailed Lancaster Services Costs Vs. Ohio
Detailed Lancaster Groceries Costs Vs. Ohio
Detailed Lancaster Health Costs Vs. Ohio
Detailed Lancaster Transportation Costs Vs. Ohio
Detailed Lancaster Utilities Costs Vs. Ohio
Lancaster SnackAbility
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Cost Of Living In Cities Around Lancaster
The cost of living varies in the cities and towns around Lancaster. Here's a quick look at the cost of living in the most populous nearby places:
Reynoldsburg, OH has a cost of living index of 90, 1.0x Lancaster.
Pickerington, OH has a cost of living index of 98, 1.1x Lancaster.
Circleville, OH has a cost of living index of 87, 1.0x Lancaster.
| City | Population | Cost Of Living | Vs. Lancaster |
|---|---|---|---|
| Reynoldsburg, OH | 39,803 | 90 | 1.0x |
| Pickerington, OH | 22,682 | 98 | 1.1x |
| Circleville, OH | 13,933 | 87 | 1.0x |
| Blacklick Estates, OH | 10,066 | 87 | 1.0x |
| Canal Winchester, OH | 9,209 | 92 | 1.1x |
| Logan, OH | 7,010 | 82 | 1.0x |
| Groveport, OH | 5,942 | 87 | 1.0x |
