Locke, NY Economy


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Locke, NY is a small town located in Upstate New York. It has an average population of 5,000 people and offers a quaint atmosphere for those looking to get away from the hustle and bustle of city life. Rent for a two-bedroom apartment is relatively inexpensive at $1,200 per month. Grocery costs are also lower than the national average with an index score of 99 compared to the US of 100.
Locke has numerous local businesses that help make up its economy including Locke Lumber Co., which provides quality materials for home improvement projects; Cline’s Automotive Care which specializes in auto repair; as well as several restaurants like The Diner where you can enjoy homemade meals. There are also specialty stores such as Big Bob’s Bait & Tackle which sells all your fishing needs and Belle Boutique which offers fashionable clothing items. All these local businesses help give Locke its unique charm and character.

Locke has an unemployment rate of 6.6%. The US average is 6.0%.

Locke has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 16.6%, which is lower than the US average of 33.5%.

Tax Rates for Locke
- The Sales Tax Rate for Locke is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Locke 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 Locke
- The average income of a Locke resident is $25,551 a year. The US average is $28,555 a year.
- The Median household income of a Locke resident is $58,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLocke, New YorkUnited States
  6.66
  -4.9%-6.2%
  16.6%33.5%
  4.0%6.2%
  6.2%4.6%
  $28,838$37,638
  $58,125$69,021
  $63,654$85,028
  Population by Occupation
  10.9%1.2%
  0.0%0.5%
  10.2%6.8%
  9.6%10.0%
  1.0%2.5%
  10.0%11.0%
  2.3%4.8%
  0.8%0.8%
  0.4%1.9%
  3.2%4.7%
  3.2%1.9%
  3.9%7.6%
  0.0%0.1%
  2.1%4.2%
  12.5%9.3%
  15.0%14.0%
  1.9%2.1%
  4.3%7.0%
  4.5%4.8%
  4.3%4.7%
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