Lancaster, PA is a city with various opportunities for its residents. From culture to nightlife there is something to do for everyone. The cost of living in Lancaster is relatively low compared to other cities, with an average 2 bedroom rent of $1,300 being significantly lower than the US average of $1,430. Additionally, the grocery cost index in Lancaster is 103 whereas it is 100 on a national scale. There are numerous local businesses that call Lancaster home such as Graham Engineering Corporation and Susquehanna Bank Center. With all these perks it make sense why so many people make Lancaster their home.
Lancaster has an unemployment rate of 10.4%. The US average is 6.0%.
Lancaster has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 26.3%, which is lower than the US average of 33.5%.
Tax Rates for Lancaster
- The Sales Tax Rate for Lancaster is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lancaster is 4.2%. 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 $16,884 a year. The US average is $28,555 a year.
- The Median household income of a Lancaster resident is $54,145 a year. The US average is $69,021 a year.