Buras, Louisiana is located in the southern part of the state and is a great place to live for individuals looking for a low-cost apartment. The 2 bedroom rent in Buras is substantially lower than the US average at $1,160 compared to $1,430. In addition, groceries are much more affordable in Buras with an index rating of 92 compared to 100 in the US. Local companies that help sustain the economy include Cajun Coast Services, Aloha Shrimp Company, and Port Sulphur Outfitting. These businesses provide employment opportunities for locals and help contribute to the local economy.
Buras has an unemployment rate of 4.9%. The US average is 6.0%.
Buras has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 23.4%, which is lower than the US average of 33.5%.
Tax Rates for Buras
- The Sales Tax Rate for Buras is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Buras 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 Buras
- The average income of a Buras resident is $25,049 a year. The US average is $28,555 a year.
- The Median household income of a Buras resident is $43,056 a year. The US average is $69,021 a year.