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Cost of Living in Lancaster County, VA

Population 10,936 · Census ACS 2020–2024 5-year estimates

Median rent$1,033
Median home value$327,000
Median household income$69,713

The median rent in Lancaster County, VA is $1,033/month, 35% lower than the Virginia median and 27% lower than the U.S. median. The median home value is $327,000, about the same as the national median. Households earn a median of $69,713 a year, 25% lower than the state median.

Affordability

Rent as a share of median income: 17.8%
Income needed for median rent (30% rule): $41,320/yr
Home price-to-income ratio: 4.7×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,653/mo

Run your own numbers: mortgage calculator · hourly to salary

Lancaster County vs. Virginia vs. U.S.

Lancaster CountyVirginiaU.S.
Median rent$1,033$1,579$1,413
Median home value$327,000$383,700$332,700
Median household income$69,713$93,170$80,734
Homeownership rate81.5%67.3%65.2%
Bachelor's degree or higher41.3%42.2%35.7%
Poverty rate10.3%9.9%12.5%
Unemployment rate9.5%4.3%5.2%
Work from home14.8%18.3%15.1%
Median age58.239.038.9

FAQ

What is the average rent in Lancaster County, VA?

The median gross rent in Lancaster County, VA is $1,033 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Lancaster County, VA?

Using the common 30% rule, renting a median-priced home takes about $41,320 a year in gross income.

Is Lancaster County, VA expensive to live in?

Rent there is 27% lower than the U.S. median, and the median home costs about 4.7 times the median household income.

Other counties in Virginia

Fairfax County, VARent $2,276 · Income $153,637Prince William County, VARent $2,067 · Income $131,402Virginia Beach city, VARent $1,714 · Income $92,968Loudoun County, VARent $2,386 · Income $181,765Chesterfield County, VARent $1,629 · Income $101,931Henrico County, VARent $1,541 · Income $88,783

Counties with a similar cost of living

Howard County, TXRent $1,034 · Income $69,649White County, GARent $1,032 · Income $70,666Story County, IARent $1,018 · Income $69,685St. Louis County, MNRent $1,013 · Income $70,069Liberty County, TXRent $1,044 · Income $68,703St. Clair County, MIRent $1,029 · Income $71,270

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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