Lancaster, NY is a beautiful town located in the Buffalo-Niagara region. It's known for its rich history, friendly people and small business culture. The average two-bedroom rent in Lancaster is $1,080, which is significantly lower than the national average of $1,430. Additionally, the grocery cost index for Lancaster is 103 versus 100 nationwide; this speaks to the affordability of living in Lancaster. Many people are drawn to this city due to its strong sense of community and family. There are numerous local companies that generate revenue for Lancaster such as Struck Construction, Schutte Lumber Company and Wendel Companies. These businesses bring jobs and resources to the town and make it flourish.
Lancaster has an unemployment rate of 7.2%. The US average is 6.0%.
Lancaster has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.
Tax Rates for Lancaster
- The Sales Tax Rate for Lancaster is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Lancaster is 6.5%. 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 $31,967 a year. The US average is $28,555 a year.
- The Median household income of a Lancaster resident is $79,908 a year. The US average is $69,021 a year.