Lockport, NY is a small city located in Niagara county. It is a popular area for young professionals looking for employment opportunities as it boasts a number of local businesses such as Lockport Brewing, The Wine Cellar at the Exchange, and Lockport Lanes. With a population of just under 21000 residents, Lockport offers an ideal combination of rural living and access to necessary amenities. The cost of living in Lockport is quite reasonable with 2 bedroom rent costing $1000 compared to the US average of $1430. Grocery costs are also very competitive with an index score of 100 versus the national average also being 100. This makes it easy for families or individuals on a budget to live comfortably in this town while still enjoying all that it has to offer.
Lockport has an unemployment rate of 9.0%. 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 21.2%, 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 6.5%. 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 $23,999 a year. The US average is $28,555 a year.
- The Median household income of a Lockport resident is $51,819 a year. The US average is $69,021 a year.