Small Town3,899 people

Lancaster, KY

Discover how far your salary goes in Lancaster. Compare taxes, rent, and living costs.

Cost Index
83
💚 Very Affordable
Population

3,899

State Tax

4.5%

1BR Rent

$893

/month

vs National

-36%

below avg

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Rent Prices in Lancaster

🏠

Studio

$714

/month

$8,568/year

Most Common
🛏️

1 Bedroom

$893

/month

$10,716/year

🏡

2 Bedroom

$1,205

/month

$14,460/year

🏘️

3 Bedroom

$1,562

/month

$18,744/year

Taxes in Kentucky

State Income Tax

Kentucky

4.5%

For a $100k salary, that's ~$4,500/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Lancaster, KY?

Lancaster has a cost of living index of 83, which is 17% below the national average. A 1-bedroom apartment costs around $893/month.

What is the state income tax in Kentucky?

Kentucky has a state income tax rate of approximately 4.5%. This is in addition to federal income tax.

How much is rent in Lancaster?

The median rent for a 1-bedroom apartment in Lancaster is $893/month. For a 2-bedroom, expect to pay around $1,205/month. This is 36% below the national average.

Is Lancaster a good place to live?

Lancaster is a small town with a population of 3,899. The cost of living is very affordable, making it more affordable than average for the US.

See the complete picture for Lancaster

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