Lancaster, OH is a great place to live. With affordable rent of $980 for a two bedroom and a grocery cost index of 97 compared to the US average of 100, living in Lancaster is more budget friendly than in other areas. The town is also home to many notable companies such as Lancaster Glass Company, Textile Rubber and Chemical Company, The Rockmill Brewery, and InVision Communications Group. You can also find plenty of entertainment options with nearby parks, recreational facilities, and local events taking place throughout the year.
Lancaster has an unemployment rate of 5.4%. 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 30.5%, which is lower than the US average of 33.5%.
Tax Rates for Lancaster
- The Sales Tax Rate for Lancaster is 6.8%. 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 $22,324 a year. The US average is $28,555 a year.
- The Median household income of a Lancaster resident is $50,994 a year. The US average is $69,021 a year.