Lockland, OH is a city located in the Greater Cincinnati area of Ohio and has a population of 3,580 as of 2018. The city is known for its affordable cost of living with the average 2 bedroom rent only costing $1,080 per month, which is significantly lower than the US average of $1,430 per month. In addition to more affordable rent rates, Lockland also boasts lower grocery costs with an index of 97 versus 100 in the US.
The economy in Lockland is thriving with many local businesses such as Omega Plastics, Inc., an injection molding company that focuses on producing plastic housing components for various industries across the country. Another well-known business in the area is Frisch's Big Boy Restaurant which has been providing delicious food to locals since 1965. Finally, City Motors has been serving Lockland since 1931 with their high-quality automotive services and repairs.
Lockland has an unemployment rate of 4.4%. The US average is 6.0%.
Lockland has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Lockland
- The Sales Tax Rate for Lockland is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lockland is 5.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lockland
- The average income of a Lockland resident is $16,690 a year. The US average is $28,555 a year.
- The Median household income of a Lockland resident is $37,717 a year. The US average is $69,021 a year.