Collinston, LA is a small town located in the northeast corner of the state. It is well known for its affordability and friendly atmosphere. The average rent for a two-bedroom apartment in Collinston is $820, making it much more affordable than most parts of the country. The Grocery Cost Index in Collinston is 90 compared to 100 in the US, meaning groceries are cheaper here as well.
Collinston has several local businesses that contribute to the local economy, including an antique store, furniture stores, a hardware store, a pharmacy and several restaurants. For those looking for entertainment or recreational activities, there are several parks and museums such as the Regional History Museum and the Louisiana Wildlife Park. People looking for adventure can also take advantage of nearby hiking trails and lakes for fishing or boating.
Collinston has an unemployment rate of 8.3%. The US average is 6.0%.
Collinston has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 14.9%, which is lower than the US average of 33.5%.
Tax Rates for Collinston
- The Sales Tax Rate for Collinston is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Collinston 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 Collinston
- The average income of a Collinston resident is $15,987 a year. The US average is $37,638 a year.
- The Median household income of a Collinston resident is $9,034 a year. The US average is $69,021 a year.