Locke, MI is a small rural community located in Michigan with a population of less than 400. Despite its size, it offers a range of housing options and employment opportunities for its residents. The average rent for a two-bedroom apartment in Locke is $1,040, much lower than the national average of $1,430. Additionally, grocery costs are considerably lower than the national average at 96 versus 100 respectively. This difference makes Locke an ideal spot for those looking for more affordable living.
In terms of employment opportunities, there are several local businesses that offer jobs for those who live in Locke as well as surrounding areas. These include the Crossroads Grocery Store, which provides groceries to the community; Locke Lumber Company which specializes in woodworking and construction materials; C & C Meats which produces and sells locally sourced fresh meat products; and Brown’s Auto Services which offers automotive repair services to locals. There are also several farms and ranches nearby that provide seasonal employment opportunities during harvest season.
Overall, Locke has much to offer anyone looking to move there or simply relocate from one area to another due to its low cost of living and ample job opportunities available both locally and nearby areas.
Locke has an unemployment rate of 5.2%. The US average is 6.0%.
Locke has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Locke
- The Sales Tax Rate for Locke is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Locke is 4.3%. 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 $29,702 a year. The US average is $28,555 a year.
- The Median household income of a Locke resident is $109,500 a year. The US average is $69,021 a year.