Lockhart, TX is a city located in Central Texas with a population of 13,742 people according to the 2019 estimates. The cost of living is relatively low in Lockhart compared to the US with rent for 2 bedrooms about $90 less than the national average. The Grocery Cost Index is 91 versus 100 in the US, making it an attractive place for individuals looking for affordable living. This city has many businesses that contribute to its economy such as HEB grocery store, Briarcliff Farms Animal Hospital, Heritage Title Company LLC, and more local businesses. Overall Lockhart is good place to live due to its affordability and local companies providing jobs and services.
Lockhart has an unemployment rate of 6.0%. The US average is 6.0%.
Lockhart has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 44.4%, which is higher than the US average of 33.5%.
Tax Rates for Lockhart
- The Sales Tax Rate for Lockhart is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Lockhart 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 Lockhart
- The average income of a Lockhart resident is $19,177 a year. The US average is $28,555 a year.
- The Median household income of a Lockhart resident is $64,633 a year. The US average is $69,021 a year.