Lancaster is a very small city located in the state of Kentucky. With a population of 4,010 people and five associated neighborhoods, Lancaster is the 106th largest community in Kentucky.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.81% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Lancaster is a small city, and as such doesn't have a public transit system that people use to get to and from their jobs every day.

The rate of college-level education in Lancaster is quite a bit lower than the national average among all cities of 21.84%: just 10.95% of people here over 25 have a bachelor's degree or an advanced degree.

The per capita income in Lancaster in 2022 was $25,076, which is middle income relative to Kentucky, and lower middle income relative to the rest of the US. This equates to an annual income of $100,304 for a family of four. However, Lancaster contains both very wealthy and poor people as well.

Lancaster is a somewhat ethnically-diverse city. The people who call Lancaster home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lancaster residents report their race to be White, followed by Black or African-American. Important ancestries of people in Lancaster include English, German, Irish, European, and Scots-Irish.

The most common language spoken in Lancaster is English. Other important languages spoken here include Spanish and Polish.