Richwood, LA is a small town situated in the North of Louisiana. This small community is populated with friendly locals and offers various amenities at low costs. Renting a two-bedroom apartment here will cost you only $760 compared to the US average of $1430. Grocery costs are likewise lower than the national index, as the Richwood index is 89 versus 100 in the US. This makes Richwood an attractive place to call home for those on a budget. The town also has plenty of things to do and see, such as local restaurants like Ponchatoulas seafood restaurant and attractions such as LaMarque Park which are popular among visitors and residents alike.
Richwood has an unemployment rate of 5.8%. The US average is 6.0%.
Richwood has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 22.9%, which is lower than the US average of 33.5%.
Tax Rates for Richwood
- The Sales Tax Rate for Richwood is 11.0%. The US average is 7.3%.
- The Income Tax Rate for Richwood 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 Richwood
- The average income of a Richwood resident is $5,010 a year. The US average is $28,555 a year.
- The Median household income of a Richwood resident is $26,250 a year. The US average is $69,021 a year.