Cost of Living in Lancaster, MO
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
70.7
100 = national avg
-29.3 vs national average
Living Wage (1 Adult)
$31,088
per year
Living Wage (Family of 4)
$73,480
per year
Cost Index by Category
Housing53.9
Food86.2
Transportation72.4
Healthcare89.0
Utilities82.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$677
per month
2 Bedroom
$888
per month
The overall cost of living index in Lancaster is 70.7, which is 29.3% below the national average. Housing costs are below the national average at an index of 53.9. A single adult needs to earn approximately $31,088 per year to cover basic expenses.