Baton Rouge is the capital city of Louisiana and the second-largest city in the state. It is a thriving cultural hub surrounded by historic neighborhoods, vibrant downtowns, and natural attractions. There are several large companies headquartered in Baton Rouge such as ExxonMobil, IBM, Turner Industries, Shaw Group, Albemarle Corporation, and Lamar Advertising Company. The cost of living in Baton Rouge is generally lower than that of most other US cities. For instance, a two-bedroom apartment in Baton Rouge typically rents for $1,010 compared to the US average of $1,430. Similarly, the Grocery Cost Index in Baton Rouge is 95 compared to 100 in the US. This makes it an ideal destination for those looking to stretch their dollars further while enjoying all that this vibrant city has to offer.
Baton Rouge has an unemployment rate of 7.5%. The US average is 6.0%.
Baton Rouge has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.
Tax Rates for Baton Rouge
- The Sales Tax Rate for Baton Rouge is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Baton Rouge 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 Baton Rouge
- The average income of a Baton Rouge resident is $23,990 a year. The US average is $28,555 a year.
- The Median household income of a Baton Rouge resident is $46,282 a year. The US average is $69,021 a year.