Martin, LA is a small town located in the southern part of Louisiana. It is known for its beautiful scenery and warm climate. It has a population of around 4,000 people and is home to many businesses such as Martin Grocery, Martin Hardware, and Cajun Country Restaurant. The cost of living in Martin, LA is considerably lower than the national average with rent for a two bedroom costing $1,030 compared to $1,430 nationally. Additionally, the grocery cost index in Martin is 90 compared to 100 in the US. This makes it an affordable place to live for those looking for a quiet lifestyle and close proximity to nature.
Martin has an unemployment rate of 5.3%. The US average is 6.0%.
Martin has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Martin
- The Sales Tax Rate for Martin is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Martin 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 Martin
- The average income of a Martin resident is $24,787 a year. The US average is $28,555 a year.
- The Median household income of a Martin resident is $50,597 a year. The US average is $69,021 a year.