Montgomery, LA is a town in rural Louisiana with a population of approximately 2,000 people. The average rent for a two bedroom apartment in Montgomery is much cheaper than the national average, coming in at $740 versus $1,430. Additionally, the grocery cost index is 89 in Montgomery compared to 100 nationally. There are several local businesses that call Montgomery their home, such as Taino’s Grocery Store which offers fresh produce and other goods at great prices; JB Sportswear which sells stylish apparel; and Nail-It Construction which provides quality craftsmanship for home renovations and new builds.
Montgomery has an unemployment rate of 4.2%. The US average is 6.0%.
Montgomery has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 17.4%, which is lower than the US average of 33.5%.
Tax Rates for Montgomery
- The Sales Tax Rate for Montgomery is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Montgomery is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Montgomery
- The average income of a Montgomery resident is $26,486 a year. The US average is $37,638 a year.
- The Median household income of a Montgomery resident is $47,368 a year. The US average is $69,021 a year.