Cost of Living in Lancaster, OH
Housing
The housing market plays a significant role in determining the cost of living in Lancaster, OH.
- Housing Index: 91.8 / 100
- Median Home Price is: $223,000
- Average Rent (2 BR Apartment): $1230 per month
- Average Rent (2 BR House): $1337 per month
Considering a move to Lancaster, OH? With a median home price of 223000, you might find real estate opportunities appealing, especially for first-time buyers. However, the housing index at 91.8 indicates possible market stability, albeit with some uncertainty. Additionally, both the average rent for a 2-bedroom apartment (1230) and house (1337) being at zero could suggest either a lack of data or limited rental options. It's crucial to evaluate local amenities, schools, and job markets to ensure a well-rounded decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lancaster, OH.
- Electricity Price: $15.92 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $229 per month
Living in Lancaster, OH could entail higher utility costs. Electricity costs sit at $15.92, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $229 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Lancaster is a financially viable option for your relocation.