Zip 17602 (Lancaster, PA) Economy


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17602 Lancaster, PA is an excellent place to live with a cost of living that is below the US average. The two bedroom rent in 17602 Lancaster, PA is $1,280 as compared to the national average of $1,430. Further, the Grocery Cost Index in 17602 Lancaster, PA is 103 versus a national index of 100. These affordable rental rates and grocery costs make this area attractive for those looking to relocate while still enjoying all that Lancaster has to offer. Local companies such as Fulton Bank, High Steel Structures Inc., and Tellkamp Systems have operations within 17602 Lancaster, PA and provide the local community with quality job opportunities.

Lancaster (zip 17602) has an unemployment rate of 10.4%. The US average is 6.0%.

Lancaster (zip 17602) 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 26.3%, which is lower than the US average of 33.5%.

Tax Rates for Lancaster (zip 17602)
- The Sales Tax Rate for Lancaster (zip 17602) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lancaster (zip 17602) 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 (zip 17602)
- The average income of a Lancaster (zip 17602) resident is $31,182 a year. The US average is $37,638 a year.
- The Median household income of a Lancaster (zip 17602) resident is $62,776 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLancaster, PennsylvaniaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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