Cost of Living in Lancaster, VA
Housing
The housing market plays a significant role in determining the cost of living in Lancaster, VA.
- Housing Index: 110.2 / 100
- Median Home Price is: $327000
- Average Rent (2 BR Apartment): $1400 per month
- Average Rent (2 BR House): $1450 per month
Analyzing the real estate landscape in Lancaster, VA, a housing index of 110.2 suggests that the market is slightly above the national average, potentially indicating higher demand. The median home price of 327000 reflects this trend, aligning with cities experiencing growth. Rentals are quite competitive as well, with an average rent of 1400 for a 2BR apartment and 1450 for a house. It's essential to consider the local job market and amenities, which can further influence your decision to relocate to this prospering area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lancaster, VA.
- Electricity Price: $15.31 USD (median by state)
- Natural Gas Price: $19.91 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Lancaster, VA could entail higher utility costs. Electricity costs sit at $15.31, while natural gas is priced at $19.91 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 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.