Welsh, LA Economy


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Welsh, LA is a great place to live, with an average two bedroom rent of $730 and a grocery cost index of 90 compared to the US average of 100. It is an affordable option for those looking for a peaceful community. Local businesses in the area are diverse and include Welsh Hardware & Building Supply, K & L Pharmacy, Welch Insurance Services, and Welch's Automotive Service. These businesses provide goods and services for the entire Welsh community.

Welsh has an unemployment rate of 5.5%. The US average is 6.0%.

Welsh has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 27.4%, which is lower than the US average of 33.5%.

Tax Rates for Welsh
- The Sales Tax Rate for Welsh is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Welsh 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 Welsh
- The average income of a Welsh resident is $19,774 a year. The US average is $28,555 a year.
- The Median household income of a Welsh resident is $69,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWelsh, LouisianaUnited States
  5.56
  -7.4%-6.2%
  27.4%33.5%
  9.5%6.2%
  6.0%4.6%
  $23,212$37,638
  $69,500$69,021
  $87,647$85,028
  Population by Occupation
  1.8%1.2%
  3.3%0.5%
  8.7%6.8%
  9.2%10.0%
  6.7%2.5%
  10.2%11.0%
  0.7%4.8%
  1.7%0.8%
  1.7%1.9%
  0.4%4.7%
  0.0%1.9%
  8.6%7.6%
  0.0%0.1%
  1.9%4.2%
  16.4%9.3%
  11.7%14.0%
  2.0%2.1%
  1.6%7.0%
  9.6%4.8%
  3.7%4.7%
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