Lancaster, KY
Population 3,960 · Kentucky
About Lancaster, KY
Lancaster is a small community in Kentucky with a population of 3,960 residents. The median household income is $45,795 per year, which is below the national average. The median age in Lancaster is 33.4 years.
Housing in Lancaster has a median home value of $134,700 and median monthly rent of $768. Of the 1,624 total housing units, the majority are owner-occupied, with 761 owner-occupied and 716 renter-occupied units.
The unemployment rate in Lancaster is 15.3% and the poverty rate is 25.1%. 12.7% of residents hold a bachelor's degree or higher. The average commute time is 29.1 minutes.
Cost of Living in Lancaster, KY
Compared to national averages, Lancaster has a median household income of $45,795 (39% below the national median of $75,149). Home values average $134,700, which is 45% below the national median. Monthly rent at $768 is 34% below the US average of $1,163. Within Kentucky, Lancaster's income is 31% below the state average of $66,273, and home values are 26% below the state median of $182,504.
Why Live in Lancaster, KY?
Lancaster offers affordable housing with a median home value of $134,700, below the US average of $244,900, and rent that’s lower than the national average at $768/month.
Potential considerations include median household income ($45,795) that falls below the national average. However, Lancaster’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lancaster has a population of 3,960 with a median age of 33.4 years. Compare Lancaster with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Lancaster
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Williamstown | 3,929 | $71,761 | $159,100 | Compare |
| Carrollton | 3,894 | $58,788 | $122,400 | Compare |
| Crittenden | 4,058 | $51,336 | $168,300 | Compare |
| Prestonsburg | 3,823 | $27,265 | $157,200 | Compare |
| Grayson | 3,820 | $28,548 | $125,600 | Compare |
| Buckner | 3,786 | $149,700 | $389,900 | Compare |
| Russell | 3,696 | $76,389 | $207,900 | Compare |
| Southgate | 3,680 | $55,469 | $175,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lancaster
What is the population of Lancaster, KY?
The population of Lancaster, KY is 3,960 according to the latest Census data.
What is the median household income in Lancaster?
The median household income in Lancaster, KY is $45,795 per year.
What is the median home value in Lancaster?
The median home value in Lancaster, KY is $134,700.
What is the average rent in Lancaster?
The median monthly rent in Lancaster, KY is $768.
What is the unemployment rate in Lancaster?
The unemployment rate in Lancaster, KY is 15.3%.