Lancaster, PA Metro Area is a great place to live for many reasons. One of the main benefits is the cost of living - with 2 bedroom rents sitting at $1,290 compared to the national average of $1,430 it's a great option for those looking to save money. The grocery cost index in Lancaster also sits at 104 versus the US' 100 making food more affordable too.
In terms of businesses, Lancaster has all sorts of businesses that offer employment opportunities such as Armstrong World Industries, Rutter's Dairy, and Susquehanna Trailways Bus Company. All these companies offer jobs in multiple industries and provide stability for families who want to settle down in the area.
Overall, there's lots to love about Lancaster from its affordability to its businesses that make it an attractive city to live. With so much on offer it's no wonder that so many choose this metro area as their home.
Lancaster Metro Area has an unemployment rate of 5.6%. The US average is 6.0%.
Lancaster Metro Area has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 30.0%, which is lower than the US average of 33.5%.
Tax Rates for Lancaster Metro Area
- The Sales Tax Rate for Lancaster Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lancaster Metro Area 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 Metro Area
- The average income of a Lancaster Metro Area resident is $35,609 a year. The US average is $37,638 a year.
- The Median household income of a Lancaster Metro Area resident is $73,688 a year. The US average is $69,021 a year.