Lancaster, KY is a city located in central Kentucky. The city offers affordable living with the average 2 bedroom rental price at $780 compared to the national average of $1,430. Grocery costs in Lancaster are also lower than the national average, with an index of 96 versus 100 for the US as a whole. This makes Lancaster an attractive location for individuals and families looking to save money. The city has many local businesses including Greenview Farm Market, Red Lady Antiques & Gifts, and J&M Furniture. Additionally, there are numerous restaurants such as La Quebradita Mexican Restaurant and Authentic Korean Cuisine. With its convenient location and budget-friendly amenities, Lancaster is a great place to live!
Lancaster has an unemployment rate of 4.7%. The US average is 6.0%.
Lancaster has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 31.8%, 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 6.8%. 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 $24,524 a year. The US average is $37,638 a year.
- The Median household income of a Lancaster resident is $42,641 a year. The US average is $69,021 a year.