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The total population of Lancaster town is estimated to be 8,395 with 4,510 males (53.72%) and 3,885 females (46.28%). There are 625 less females than males in Lancaster town.
The median household income in Lancaster town was $118,860 in 2021, which marked an an increase of 1,988(1.70%) from $116,872 in 2020. This income is 159.32% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Lancaster town sees its highest median household income among householders in the age group of 45 to 64 years old, at $148,055. Overall, the median household income for the town of Lancaster town stands at $118,860.
In Lancaster town, the median income for all workers aged 15 years and older, regardless of work hours, was $57,189 for males and $41,849 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $87,289 for males and $75,304 for females.
In Lancaster town, there are just two different racial groups among households. Among these, Two or More Races households report a median household income of $173,267, while White households have a median household income of $118,738.
In 2022, the population of Lancaster town was 8,394, a 1.04% increase year-by-year from 2021. Previously, in 2021, Lancaster town's population was 8,308, a decline of 1.37% compared to a population of 8,423 in 2020.
The median age in Lancaster, Massachusetts is 39.8, as per 2021 ACS 5-Year Estimates. Of the total population, 12.79% were under the age of 15, 20.75% aged 15 to 29, 49.13% aged 30 to 64, 16.22% aged 65 to 84, and 1.10% were 85 years of age and older.
Racial distribution of Lancaster town population: 86.96% are White, 5.41% are Black or African American, 0.14% are American Indian and Alaska Native, 0.91% are Asian, 1.33% are some other race and 5.24% are multiracial.