Lancaster, MA is a small town located in Worcester County. It is known for its charming atmosphere and rich history. The area has plenty to offer for those looking to settle down, with many local businesses such as Nourse Farm, Jodrey's Country Store, and Lancaster Auto Repair. In addition to these businesses, there are also some great restaurants such as The Boathouse BBQ and Zorba's Grille. The average cost of living in Lancaster is slightly higher than the US average; the median 2 bedroom rent is $2,330 compared to the US median of $1,430 while the grocery cost index is 107 compared to 100 in the US. Despite this difference in cost of living however, Lancaster offers an ideal setting for anyone looking for a comfortable place to call home.
Lancaster has an unemployment rate of 4.9%. The US average is 6.0%.
Lancaster has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 38.5%, which is higher than the US average of 33.5%.
Tax Rates for Lancaster
- The Sales Tax Rate for Lancaster is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Lancaster is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lancaster
- The average income of a Lancaster resident is $31,304 a year. The US average is $28,555 a year.
- The Median household income of a Lancaster resident is $109,963 a year. The US average is $69,021 a year.