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Lancaster, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
315
Population
$64,306
Median Income
$107,300
Home Value
49.7
Median Age

Demographics

Lancaster has a population of 315 with a median age of 49.7. Here is the racial and ethnic breakdown of the population:

White
91.4%
Other
5.1%
Asian
1.9%
Hispanic
1.6%
Demographic Value
Total Population315
Median Age49.7
White91.4%
Asian1.9%
Hispanic or Latino1.6%
Other / Two or More Races5.1%
Lancaster, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 91.4%Other: 5.1%Other: 3.5%315PopulationWhiteWhite91.4%OtherOther5.1%OtherOther3.5%

Income & Economy

The median household income in Lancaster is $64,306, which is 20.2% below the national median of $80,610. The per capita income is $38,543. The poverty rate is 4.8%.

$64,306
Median Household Income
$38,543
Per Capita Income
4.8%
Poverty Rate

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Education

In Lancaster, 96.2% of residents age 25+ have a high school diploma or higher, and 23.0% hold a bachelor's degree or higher (4.7% with a graduate or professional degree).

HS Diploma+
96.2%
Bachelor's+
23.0%
Graduate+
4.7%
Education Level % of Adults (25+)
High School Diploma or Higher96.2%
Bachelor's Degree or Higher23.0%
Graduate or Professional Degree4.7%

Housing

The median home value in Lancaster is $107,300, below the national median of $303,400. The median monthly rent is $900. The homeownership rate is 79.9%.

$107,300
Median Home Value
$900/mo
Median Rent
79.9%
Homeownership Rate
Housing Metric Value
Median Home Value$107,300
Median Monthly Rent$900
Homeownership Rate79.9%
Vacancy Rate24.0%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Lancaster, Minnesota?
The population of Lancaster, Minnesota is 315 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lancaster, Minnesota?
The median household income in Lancaster, Minnesota is $64,306. This is 20.2% below the national median of $80,610.
What is the median home value in Lancaster, Minnesota?
The median home value in Lancaster, Minnesota is $107,300. The median monthly rent is $900.
What percentage of people in Lancaster have a college degree?
In Lancaster, Minnesota, 23.0% of adults age 25 and older hold a bachelor's degree or higher, and 96.2% have a high school diploma or higher.
Is Lancaster, Minnesota an affordable place to live?
The home price-to-income ratio in Lancaster, Minnesota is 1.7x (median home value $107,300 vs. median income $64,306), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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