Lockhart, AL is a small town located in the heart of Alabama. It is known for its friendly atmosphere and affordable cost of living. The median two-bedroom rent is $620, which is much lower than the national average of $1,430. Additionally, the local grocery cost index in Lockhart is 90 compared to 100 in other parts of the US, making groceries more budget-friendly in this area. Local companies include First National Bank and Charley's Barbeque & Grill. All in all, Lockhart is an ideal place to live due to its low living costs and welcoming community.
Lockhart has an unemployment rate of 2.8%. The US average is 6.0%.
Lockhart has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Lockhart
- The Sales Tax Rate for Lockhart is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Lockhart is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lockhart
- The average income of a Lockhart resident is $28,508 a year. The US average is $37,638 a year.
- The Median household income of a Lockhart resident is $31,477 a year. The US average is $69,021 a year.