Lancaster, MO
Population 618 · Missouri
About Lancaster, MO
Lancaster is a small community located in Missouri with a population of 618 residents according to the latest US Census Bureau American Community Survey data. The median household income is $47,361 per year, which is 37% below the national median of $75,149. The median age of 34.3 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Lancaster features a median home value of $137,500, which is 44% below the national median of $244,900. This makes Lancaster one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $388, 67% below the national average of $1,163/month. Of the 308 total housing units, 71% are owner-occupied (150 units) and 29% are renter-occupied (61 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lancaster shows an unemployment rate of 2.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 22.6%, above the national average of 12.4%. Workers in Lancaster have an average one-way commute time of 22.3 minutes.
Education & Demographics
19.3% of Lancaster residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.8% White, 1.5% Hispanic or Latino, 0.0% Black or African American, and 1.0% Asian residents, with 0.0% of the population being foreign-born.
How Lancaster Ranks in Missouri
Cost of Living in Lancaster, MO
Compared to national averages, Lancaster has a median household income of $47,361 (37% below the national median of $75,149). Home values average $137,500, which is 44% below the national median. Monthly rent at $388 is 67% below the US average of $1,163. Within Missouri, Lancaster's income is 22% below the state average of $61,047, and home values are 9% below the state median of $150,786.
Why Live in Lancaster, MO?
Lancaster offers affordable housing with a median home value of $137,500, below the US average of $244,900, and rent that’s lower than the national average at $388/month, and a strong job market with an unemployment rate of just 2.5%. Additionally, the city features short commute times averaging just 22.3 minutes.
Potential considerations include median household income ($47,361) 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 618 with a median age of 34.3 years. Compare Lancaster with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Lancaster
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hartville | 616 | $28,125 | $106,300 | Compare |
| Iberia | 616 | $57,083 | $96,900 | Compare |
| Galena | 613 | $42,125 | $123,900 | Compare |
| Glenaire | 613 | $91,000 | $218,100 | Compare |
| Sycamore Hills | 612 | $87,581 | $125,600 | Compare |
| Jamesport | 628 | $46,875 | $76,900 | Compare |
| Hawk Point | 630 | $49,205 | $117,500 | Compare |
| Leawood | 606 | $109,432 | $253,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
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, MO?
The population of Lancaster, MO is 618 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Missouri.
What is the median household income in Lancaster?
The median household income in Lancaster, MO is $47,361 per year, which is 37% below the national median of $75,149.
What is the median home value in Lancaster?
The median home value in Lancaster, MO is $137,500, which is 44% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lancaster?
The median monthly rent in Lancaster, MO is $388, which is 67% below the national average of $1,163/month.
What is the unemployment rate in Lancaster?
The unemployment rate in Lancaster, MO is 2.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lancaster, MO a good place to live?
Lancaster offers a moderate cost of living, affordable housing, and a strong job market. With a population of 618 and a median age of 34.3, the city appeals to young professionals and families.
How educated is Lancaster, MO?
19.3% of residents in Lancaster aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lancaster?
Key cost-of-living indicators for Lancaster, MO: median home value is $137,500 (44% below national), median rent is $388/month, and median household income is $47,361. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lancaster?
The poverty rate in Lancaster, MO is 22.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Lancaster, MO?
Lancaster's population is 0.8% White, 1.5% Hispanic or Latino, 0.0% Black or African American, 1.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.