Lancaster, VA County is a great place to live and work. The cost of living in the area is quite affordable; 2 bedroom rentals are only $1,030 compared to the national average of $1,430. The grocery cost index in Lancaster is 99 versus 100 for the US. This makes it an attractive option for those looking for a lower cost of living while still having access to all the amenities big cities have to offer. The county boasts some renowned companies such as Miller & Smith Builders and Chippendale Grocery Store and attracts tourists from all over with its stunning landscapes and historical sites such as Fort George.
Lancaster County has an unemployment rate of 8.0%. The US average is 6.0%.
Lancaster County 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 County
- The Sales Tax Rate for Lancaster County is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Lancaster County is 5.8%. The US average is 4.6%.
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Income and Salaries for Lancaster County
- The average income of a Lancaster County resident is $44,978 a year. The US average is $37,638 a year.
- The Median household income of a Lancaster County resident is $64,460 a year. The US average is $69,021 a year.