Lockport, IL is a great place to live. The cost of living is relatively low compared to the national average, with 2 bedroom rent at $1,560 and a Grocery Cost Index of 97 compared to 100 in the US. Local companies include Lockport Logistics Solutions, Lockport Bakery, and Precision Auto Repair. All of these businesses provide quality customer service that residents can rely on. Additionally, the city offers plenty of recreational activities such as hiking trails, parks and outdoor recreation centers. With its affordable housing options and ample local businesses, Lockport is an ideal place to call home.
Lockport has an unemployment rate of 5.8%. The US average is 6.0%.
Lockport has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for Lockport
- The Sales Tax Rate for Lockport is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Lockport 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 Lockport
- The average income of a Lockport resident is $33,487 a year. The US average is $28,555 a year.
- The Median household income of a Lockport resident is $96,481 a year. The US average is $69,021 a year.