Bernice, LA is a small town located in Union Parish, Louisiana. The town has a population of 2,035 people according to 2019 estimates. Residents of Bernice enjoy a relatively low cost of living as compared to other parts of the United States. The average 2 bedroom rent in Bernice is $760 while the US average for 2 bedroom rent is $1,430. Similarly, the Grocery Cost Index in Bernice is 89 versus 100 in the US.
The economy of Bernice is driven by several local companies such as A&E Equipment Rental, Deramus Farm Supplies Inc., Bernie Pawn & Gun LLC., and Elaine's Florist & Gift Shop. There are also several other small businesses that contribute to the community’s economic activity such as restaurants and retail shops. With its affordable housing and basic necessities, residents can enjoy an affordable cost of living in Bernice while being part of a tight-knit community.
Bernice has an unemployment rate of 5.6%. The US average is 6.0%.
Bernice 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 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Bernice
- The Sales Tax Rate for Bernice is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Bernice 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 Bernice
- The average income of a Bernice resident is $12,124 a year. The US average is $28,555 a year.
- The Median household income of a Bernice resident is $20,609 a year. The US average is $69,021 a year.