Lockport, KS is a small town located in the United States with a population of just over 1,000 people. It is known for having an extremely low cost of living and stands out for its affordability in terms of housing. According to recent data, the average two bedroom rent in Lockport is $790 which is significantly lower than the US average of $1,430. The grocery cost index is also much lower than the national average at 93 versus 100 in the US. This makes Lockport a great choice for those looking for an affordable place to live.
Local businesses that help contribute to Lockport’s economy include Homan’s Pharmacy, K&K Appliances & Electronics, B&B Motors and Lockport Lumber Company. These businesses have served as cornerstones of the community providing residents with necessary goods and services while helping to maintain employment opportunities for many years.
All in all, Lockport offers a high quality of life without sacrificing economic stability or breaking one's budget. With affordable two bedroom rents and low grocery costs along with a number of local businesses offering quality service, it has become an ideal location for families or individuals seeking affordability but don't want to compromise on living standards.
Lockport has an unemployment rate of 2.1%. The US average is 6.0%.
Lockport has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 15.9%, which is lower than the US average of 33.5%.
Tax Rates for Lockport
- The Sales Tax Rate for Lockport is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Lockport is 5.7%. 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 $49,473 a year. The US average is $37,638 a year.
- The Median household income of a Lockport resident is $70,208 a year. The US average is $69,021 a year.