Zip 01523 (Lancaster, MA) Economy


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01523 Lancaster, MA is a great place to live. The average two bedroom rent in this area is $2,260, which is significantly higher than the US average of $1,430. Additionally, the grocery cost index in 01523 Lancaster, MA is 107 compared to 100 nationally. The city has great local companies and attractions that make life enjoyable here. In particular, Applewood Farm & Winery offers fresh, locally grown fruits and vegetables for sale as well as a spirit distillery. Alternatively if you’re looking for an outdoor activity or a place to bring your children then head over to Bolton Orchards where you can pick fresh fruits and vegetables. If you’re looking for some entertainment then you can visit Wachusett Mountain Ski Area or Old Sturbridge Village which features historical artifacts from the 1800s.

Lancaster (zip 01523) has an unemployment rate of 6.7%. The US average is 6.0%.

Lancaster (zip 01523) has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 38.5%, which is higher than the US average of 33.5%.

Tax Rates for Lancaster (zip 01523)
- The Sales Tax Rate for Lancaster (zip 01523) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Lancaster (zip 01523) 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 (zip 01523)
- The average income of a Lancaster (zip 01523) resident is $31,700 a year. The US average is $28,555 a year.
- The Median household income of a Lancaster (zip 01523) resident is $109,651 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLancaster, MassachusettsUnited States
  6.76
  -8.6%-6.2%
  38.5%33.5%
  6.3%6.2%
  5.1%4.6%
  $40,983$37,638
  $109,651$69,021
  $119,929$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  12.4%6.8%
  14.7%10.0%
  7.6%2.5%
  10.2%11.0%
  1.2%4.8%
  0.3%0.8%
  2.7%1.9%
  3.2%4.7%
  0.9%1.9%
  9.6%7.6%
  0.0%0.1%
  1.6%4.2%
  10.7%9.3%
  12.2%14.0%
  1.7%2.1%
  5.4%7.0%
  2.1%4.8%
  3.0%4.7%
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