Lancaster, Virginia is a small town with a population of just over 2,000. It is located in Lancaster County and is known for its beautiful rural landscape and close-knit community feel. This quaint little town provides an affordable cost of living that would make it ideal for younger couples or families. The two bedroom rent in the area is $1,050 which is significantly lower than the US average of $1,430. Additionally, Lancaster's Grocery Cost Index stands at 98 versus 100 in the US.
In terms of job opportunities, Lancaster offers a range of options due to its close proximity to numerous larger cities such as Richmond and Charlottesville. In addition to this, there are several local businesses based in the area such as Cargill Inc., BSH Home Appliances Corporation and Northern Neck Popcorn. These companies provide employment for many locals and offer great career prospects within their respective industries.
Lancaster (zip 22503) has an unemployment rate of 8.0%. The US average is 6.0%.
Lancaster (zip 22503) has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Lancaster (zip 22503)
- The Sales Tax Rate for Lancaster (zip 22503) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Lancaster (zip 22503) is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lancaster (zip 22503)
- The average income of a Lancaster (zip 22503) resident is $37,594 a year. The US average is $37,638 a year.
- The Median household income of a Lancaster (zip 22503) resident is $72,054 a year. The US average is $69,021 a year.