Zip 14086 (Lancaster, NY) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
14086 Lancaster, NY is a great place to live for those looking for lower rental and living costs. The average rent for a 2 bedroom apartment is $1,030 while the US average is $1,430. Along with lower rents, grocery costs are also relatively low with an index of 103 compared to 100 in the US. It's an attractive location for residents because of its close proximity to Buffalo and Niagara Falls providing plenty of job opportunities. Some major employers in the area include Wegmans Food Markets, Catholic Health Systems and the Niagara Falls Air Reserve Station. Additionally, local businesses such as Panorama Hair Designers, E-Z Clean Laundromats and Erie County Parks provide employment opportunities for those who live in 14086 Lancaster, NY.

Lancaster (zip 14086) has an unemployment rate of 7.2%. The US average is 6.0%.

Lancaster (zip 14086) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.

Tax Rates for Lancaster (zip 14086)
- The Sales Tax Rate for Lancaster (zip 14086) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Lancaster (zip 14086) is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Lancaster (zip 14086)
- The average income of a Lancaster (zip 14086) resident is $33,349 a year. The US average is $28,555 a year.
- The Median household income of a Lancaster (zip 14086) resident is $88,615 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLancaster, New YorkUnited States
  7.26
  -6.0%-6.2%
  24.4%33.5%
  8.8%6.2%
  6.2%4.6%
  $47,370$37,638
  $88,615$69,021
  $105,300$85,028
  Population by Occupation
  0.1%1.2%
  0.2%0.5%
  5.2%6.8%
  12.0%10.0%
  2.2%2.5%
  11.7%11.0%
  4.7%4.8%
  0.6%0.8%
  0.5%1.9%
  7.1%4.7%
  1.4%1.9%
  7.3%7.6%
  0.3%0.1%
  2.2%4.2%
  11.4%9.3%
  14.5%14.0%
  2.0%2.1%
  6.0%7.0%
  5.8%4.8%
  4.8%4.7%
Health