Chatham, Louisiana is a small town located in the state's northwest corner. It has a population of just over 600 people and is home to many local businesses such as Chatham Grocery Store, Smith Brothers Hardware, A-1 Automotive Repair, and more. The cost of living in Chatham is much lower than the national average; for instance, 2 bedroom rent in Chatham costs $700 while it costs $1,430 on average in the US. Likewise, the Grocery Cost Index in Chatham is 92 versus 100 in the US. This makes Chatham an attractive location for those looking to live affordably while having access to all necessary amenities.
Chatham has an unemployment rate of 3.9%. The US average is 6.0%.
Chatham has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 16.0%, which is lower than the US average of 33.5%.
Tax Rates for Chatham
- The Sales Tax Rate for Chatham is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Chatham 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 Chatham
- The average income of a Chatham resident is $16,317 a year. The US average is $28,555 a year.
- The Median household income of a Chatham resident is $25,227 a year. The US average is $69,021 a year.