Lockbourne, OH is a small village located in Franklin County and is home to just over 500 people. The cost of living in this area is quite affordable, with two bedroom rental costs averaging $990 a month versus the US average of $1,430. Additionally, the Grocery Cost Index in Lockbourne is equal to the national average. This makes it easier for individuals and families to make their money go further. Local companies that are based in Lockbourne range from a variety of industries such as manufacturing, transportation services and retail operations. There are also many local businesses that provide food services for residents and visitors alike. All in all, Lockbourne provides its citizens with an affordable cost of living while still offering access to all the amenities one would find in a larger city setting.
Lockbourne has an unemployment rate of 5.5%. The US average is 6.0%.
Lockbourne has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Lockbourne
- The Sales Tax Rate for Lockbourne is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Lockbourne is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lockbourne
- The average income of a Lockbourne resident is $20,581 a year. The US average is $37,638 a year.
- The Median household income of a Lockbourne resident is $50,000 a year. The US average is $69,021 a year.