Lockhart, SC is a small town in the Upstate region of South Carolina. This area offers residents a peaceful and relaxed atmosphere with plenty of outdoor activities. The cost of living in Lockhart is significantly lower than other areas of the United States, with 2-bedroom rents averaging $620 compared to the US average of $1,430. Grocery prices are also much lower with the Grocery Cost Index being 90 versus 100 in the US. There are several local companies that provide goods and services to Lockhart residents including Lockhart Furniture Company, Lockhart Construction Services, and Lucky's Market. These businesses help make Lockhart a great place to live or visit while keeping costs low.
Lockhart has an unemployment rate of 7.5%. The US average is 6.0%.
Lockhart has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 34.3%, which is higher than the US average of 33.5%.
Tax Rates for Lockhart
- The Sales Tax Rate for Lockhart is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lockhart is 7.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lockhart
- The average income of a Lockhart resident is $17,562 a year. The US average is $28,555 a year.
- The Median household income of a Lockhart resident is $36,750 a year. The US average is $69,021 a year.