Cost of Living in Lancaster, NH

With a cost of living index of 79, Lancaster, NH is a very affordable place to live. Living here is 21% cheaper than the national average and 23% below the New Hampshire state average of 102. Lancaster is a small community of 2,264 residents.

Housing costs are the biggest factor in Lancaster's cost of living. The median monthly rent is $872 (34% below the US median of $1,319), and the median home value sits at $182,900 (40% below the national median of $304,900). At current prices, the median home costs roughly 2x the median household income — well within traditional affordability guidelines.

The median household income in Lancaster is $92,525, which is 23% higher than the national median of $75,149. Residents spend roughly 11% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Lancaster. The area sees an average annual temperature of 42.6°F, with summers averaging 64°F and winters around 19°F. Annual rainfall totals 37 inches spread over roughly 171 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.