Lancaster, MN
Population 344 · Minnesota
About Lancaster, MN
Lancaster is a small community in Minnesota with a population of 344 residents. The median household income is $65,313 per year, which is near the national average. The median age in Lancaster is 47 years.
Housing in Lancaster has a median home value of $118,200 and median monthly rent of $680. Of the 191 total housing units, the majority are owner-occupied, with 118 owner-occupied and 35 renter-occupied units.
The unemployment rate in Lancaster is 1.3% and the poverty rate is 2.3%. 23.9% of residents hold a bachelor's degree or higher. The average commute time is 20.4 minutes.
Cost of Living in Lancaster, MN
Compared to national averages, Lancaster has a median household income of $65,313 (13% below the national median of $75,149). Home values average $118,200, which is 52% below the national median. Monthly rent at $680 is 42% below the US average of $1,163. Within Minnesota, Lancaster's income is 12% below the state average of $74,221, and home values are 42% below the state median of $204,472.
Why Live in Lancaster, MN?
Lancaster offers affordable housing with a median home value of $118,200, below the US average of $244,900, and rent that’s lower than the national average at $680/month, and a strong job market with an unemployment rate of just 1.3%. Additionally, the city features a low poverty rate of 2.3%, better than the national average, and short commute times averaging just 20.4 minutes.
Potential considerations include median household income ($65,313) 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 344 with a median age of 47 years. Compare Lancaster with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Lancaster
Cities in Minnesota with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lancaster With Other Cities
Frequently Asked Questions about Lancaster
What is the population of Lancaster, MN?
The population of Lancaster, MN is 344 according to the latest Census data.
What is the median household income in Lancaster?
The median household income in Lancaster, MN is $65,313 per year.
What is the median home value in Lancaster?
The median home value in Lancaster, MN is $118,200.
What is the average rent in Lancaster?
The median monthly rent in Lancaster, MN is $680.
What is the unemployment rate in Lancaster?
The unemployment rate in Lancaster, MN is 1.3%.