Cost of Living in Lancaster, TX
Population: 40,753 • 2026 Data
$67,584
Median Household Income
-13% vs national
$1,627
Median Monthly Rent
+21% vs national
$229,900
Median Home Value
-32% vs national
6.8%
Unemployment Rate
Housing in Lancaster
The median home value in Lancaster, TX is $229,900. Monthly rent for a typical unit averages $1,627, while total monthly housing costs (including utilities and insurance) average $1,484.
Rent-to-income ratio: 28.9%. 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, TX is $67,584. The unemployment rate stands at 6.8%, with a labor force of 20,172 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.