Cost of Living in Lancaster, OH
Population: 40,902 • 2026 Data
$54,901
Median Household Income
-29% vs national
$999
Median Monthly Rent
-26% vs national
$180,200
Median Home Value
-47% vs national
5.0%
Unemployment Rate
Housing in Lancaster
The median home value in Lancaster, OH is $180,200. Monthly rent for a typical unit averages $999, while total monthly housing costs (including utilities and insurance) average $1,012.
Rent-to-income ratio: 21.8%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Lancaster, OH is $54,901. The unemployment rate stands at 5.0%, with a labor force of 19,458 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.