An average miner, with a bachelor’s degree in engineering, will make about $25,000 in annual paychecks — about $9,000 more than a typical homeowner.
But the average miner in Lockhills, Florida, won’t get a chance to cash in that much more in retirement.
Lockhamps’ average retiree will make $45,000 to $50,000 a year, compared with $30,000 for homeowners.
The county is home to nearly 7,000 miners, and it’s the most expensive mining community in the nation.
That’s because Lockhalls average home prices, adjusted for inflation, are just below the national average.
A typical home in Lockhaven, Fla., costs about $1.5 million to $1,744,000, according to Zillow, the real estate website.
That means a miner will make less than a homeowner if he or she chooses to sell their home.
It’s a reality that’s also affecting a number of other communities.
In Florida, where mineral mining is booming, the average home price has risen nearly 60 percent over the past decade.
And according to the Pew Research Center, about 10 percent of homeowners in Lock Haven have no income at all.
That could mean a home buyer may not be able to afford the purchase price.
And in rural areas, where the mining boom is concentrated, it means a lot of money will be on the table if a miner sells.
A new study by the Economic Policy Institute found that when you factor in the cost of living and taxes, the cost to buy a home in rural counties is a lot more than the cost the average homeowner in the metro area.
And when it comes to paying for retirement, a lot less.
A home in the rural counties of Alabama, Georgia, South Carolina, and Tennessee has an average price of $1 million, or about $15,000 less than the median home price in the U.S.
A report by the Institute on Taxation and Economic Policy, a left-leaning think tank, found that the average worker in LockHills paid $24,000 and the average retireee $16,000 annually.
A miner in the Lockhorns’ home state of Georgia would make $37,000 per year, or $12,000 above the median retiree’s earnings.
And a miner in South Carolina would pay $31,000.
And for a homeowner in Lockhart, it would cost the taxpayer about $4,400 to retire.
Those figures are based on figures from the Bureau of Labor Statistics.
But that’s a small price to pay to retire comfortably in Lockhardt, and Lockhams home is certainly no luxury home.
A $7,000 home is more than twice the median household income in the county.
And even if a homeowner did make $100,000 or more per year — the median homeowner makes about $31.50 an hour — they still would have to work a minimum of 2,200 hours a year just to cover the cost.
The average miner also has to pay $7 million in taxes every year.
That, too, is more expensive than a median homeowner in Florida.
And because Lockhart is a small mining town, that number may be even lower for retirees.
And the county is not alone.
Many other communities in Florida are experiencing this trend.
A recent report by Real Estate Analytics found that nearly 40 percent of the communities in the Mariana Islands were “sub-prime” — where home prices are more than 50 percent above the national median.
Many of those communities also have a higher rate of poverty and unemployment than the average, or average, county.
“I’m going to pay off my mortgage at a time when I can,” said a Lockhorn miner who didn’t want to give his name.
“If I retire today, I want to pay down the mortgage as soon as possible.”
The economic benefits of retiring in Lockhas Hills aren’t only in the cash.
The communities have a much higher percentage of retirement savings than the national averages.
In some cases, that means retirees are saving more than they take out a loan for.
And those savings are often invested in local real estate.
A worker in the mines of Lockhils, Fla.
is likely to make more money in retirement than someone in an average county.
So many of the local retirees are also investing their retirement savings in the local real-estate market.
And that could lead to a bigger return for the communities.
The Lockhilled region is growing at a rate of 2 percent a year.
And Lockhill is a town with a strong economy.
The unemployment rate in the area is at 5.4 percent.
And as more residents retire, the county’s population is expected to grow by 5,000 people.
And many of those people are retirees. But