Lancaster, MO is a great place to live with many local businesses offering jobs and services. Rent for a two bedroom apartment in Lancaster is $720 per month, which is more affordable than the national average of $1,430. Additionally, the Grocery Cost Index in Lancaster is 92 compared to the US average of 100, making groceries more affordable as well. Many local companies, such as L&G Excavating LLC and Memory Lane Productions LLC are located near Lancaster and provide residents with job opportunities. All in all, Lancaster offers an affordably priced lifestyle that many other cities can't match.
Lancaster has an unemployment rate of 4.7%. The US average is 6.0%.
Lancaster has seen the job market increase by 3.1% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Lancaster
- The Sales Tax Rate for Lancaster is 7.2%. The US average is 7.3%.
- The Income Tax Rate for Lancaster is 5.9%. 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 $18,832 a year. The US average is $28,555 a year.
- The Median household income of a Lancaster resident is $33,375 a year. The US average is $69,021 a year.