Cost of living in Lancaster, Kentucky

Lancaster, Kentucky has about 4,013 people. That count is a 2020–2024 Census average, not a headcount from one day.

A typical home is worth about $175,300.

HUD's fair-market rent for a 2-bedroom in Garrard County is $941 a month. That is the county number, not an apartment listing in Lancaster. It runs from October 2026 through September 2027.

Kentucky's prices sit at 90.2 when the U.S. average is 100. This place is not in a metro area with its own index, so this is the state number from BEA for 2024.

Kentucky taxes wages. A typical combined sales tax is 6.0% as of January 1, 2026. That mix is statewide, not Lancaster's exact store tax.

Some places in Kentucky add a local wage tax. In 2023 the state average was about 0.93% of income. That is not a Lancaster bill.

In July 2026, a typical Kentucky home paid 13.81¢ per kilowatt-hour. That is a state average from EIA, not Lancaster's bill.

EIA did not publish a 2025 all-grades gas price for Kentucky in the table we use.

Among 216 places we list in Kentucky with a rent figure, 124 have higher typical rent than Lancaster.