Louisiana is a state that is located in the southern region of the United States and boasts an impressive landscape filled with vibrant cities and towns. It has an economy based on agriculture, fishing, petrochemical refining, and tourism. The average 2-bedroom rent in Louisiana State is $1,000 compared to the US average of $1,430. Additionally, the grocery cost index in Louisiana State is 93 versus 100 in the US which makes it a very affordable option for those looking for a place to live. Some major corporations based in Louisiana include IBM, Chevron Phillips Chemical Company LLC., New Orleans Saints Football Club Inc., Entergy Corporation and Globalstar Inc. With its unique culture and low cost of living, Louisiana can be an attractive option for many prospective residents.
Louisiana has an unemployment rate of 6.6%. The US average is 6.0%.
Louisiana 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 22.4%, which is lower than the US average of 33.5%.
Tax Rates for Louisiana
- The Sales Tax Rate for Louisiana is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Louisiana 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 Louisiana
- The average income of a Louisiana resident is $24,775 a year. The US average is $28,555 a year.
- The Median household income of a Louisiana resident is $53,571 a year. The US average is $69,021 a year.