Cost of Living in Lancaster, KY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
78.3
100 = national avg
-21.7 vs national average
Living Wage (1 Adult)
$34,460
per year
Living Wage (Family of 4)
$81,452
per year
Cost Index by Category
Housing77.5
Food85.0
Transportation70.0
Healthcare88.0
Utilities86.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$821
per month
2 Bedroom
$900
per month
The overall cost of living index in Lancaster is 78.3, which is 21.7% below the national average. Housing costs are below the national average at an index of 77.5. A single adult needs to earn approximately $34,460 per year to cover basic expenses.