Castor, LA is a city located in Louisiana with an affordable cost of living compared to the national average. The typical two-bedroom rental rate is a fraction of the US at $660 versus $1,430, while the grocery cost index also falls below the US at 87 compared to 100. Several local companies fuel Castor's economy, such as ABC Enterprises, Bluebird Manufacturing, and Crescent Properties. With these businesses operating in town and a lower cost of living than the rest of the country, Castor offers a great place to live for individuals and families on a budget.
Castor has an unemployment rate of 6.5%. The US average is 6.0%.
Castor 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 22.4%, which is lower than the US average of 33.5%.
Tax Rates for Castor
- The Sales Tax Rate for Castor is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Castor 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 Castor
- The average income of a Castor resident is $13,752 a year. The US average is $28,555 a year.
- The Median household income of a Castor resident is $26,719 a year. The US average is $69,021 a year.