Terrytown, LA is a suburb located just outside of New Orleans and is home to many businesses. Some of the local companies include Terrebonne Pumping & Supply Co, Terrytown Drywall, and Rayco Construction. The cost of living in Terrytown is significantly lower than the national average as 2 bedroom rent in Terrytown is $1,190 compared to $1,430 nationally. Additionally, grocery cost index in Terrytown is 96 versus 100 nationally. Therefore Terrytown is an affordable place to live with plenty of local businesses to support residents' needs.
Terrytown has an unemployment rate of 7.6%. The US average is 6.0%.
Terrytown 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 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Terrytown
- The Sales Tax Rate for Terrytown is 9.2%. The US average is 7.3%.
- The Income Tax Rate for Terrytown 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 Terrytown
- The average income of a Terrytown resident is $20,848 a year. The US average is $28,555 a year.
- The Median household income of a Terrytown resident is $54,186 a year. The US average is $69,021 a year.