Lockney, TX is a small town located in the Texas Panhandle. It has a population of around 1,500 people and is known for its friendly locals and small-town feel. Rent for a two-bedroom home in Lockney is much cheaper than the national average at $790 compared to $1,430 nationally. The grocery cost index in Lockney is also lower than the US average at 90 versus 100. Living in Lockney offers an affordable lifestyle with plenty of local businesses to support the community such as Lockney Feed Supply, Brown's Cafe & Restaurant, and West Texas Pawn & Gun Shop.
Lockney has an unemployment rate of 7.5%. The US average is 6.0%.
Lockney has seen the job market decrease by -3.9% over the last year. Future job growth over the next ten years is predicted to be 20.2%, which is lower than the US average of 33.5%.
Tax Rates for Lockney
- The Sales Tax Rate for Lockney is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Lockney is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lockney
- The average income of a Lockney resident is $24,578 a year. The US average is $37,638 a year.
- The Median household income of a Lockney resident is $56,667 a year. The US average is $69,021 a year.