Lancaster, a city located in the state of Texas (TX), is home to a population of approximately 40,958 people. Lancaster boasts a median age of 31.7, with around 14.2% of its residents aged 60 or above. 7.4% of the population identifies as US Veterans. 10.5% of Lancaster residents are disabled. The city has an average household income of $65,323, while the unemployment rate stands at 6.9%, and around 14.7% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Lancaster is $198,431, with a monthly rent averaging $1,488.