Clarence, Louisiana is a small town located near the border of Mississippi and Louisiana. It is home to several local companies such as Clarence Manufacturing Corporation, Southern Hospitality Food Service, and Custom Window Systems. The cost of living in Clarence is quite affordable compared to other areas in the same region. The 2 bedroom rental price is only $840 per month which is much lower than the national average of $1430. Furthermore, the Grocery Cost Index in Clarence stands at 91 versus 100 for the United States which indicates that groceries can be found for cheaper prices in this area. All these factors together make Clarence an ideal place for those who want to live near the city while enjoying a smaller-town atmosphere but still have access to reasonable prices.
Clarence has an unemployment rate of 5.0%. The US average is 6.0%.
Clarence has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 21.6%, which is lower than the US average of 33.5%.
Tax Rates for Clarence
- The Sales Tax Rate for Clarence is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Clarence 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 Clarence
- The average income of a Clarence resident is $26,451 a year. The US average is $28,555 a year.
- The Median household income of a Clarence resident is $18,750 a year. The US average is $69,021 a year.