Cotton Valley, LA is a small town located in Louisiana. The town offers a variety of amenities such as local restaurants, shops, parks and more. The cost of living in Cotton Valley is lower than the US average with a 2 bedroom rent at $730 compared to $1,430 nationwide. Grocery costs are also significantly lower; the grocery cost index for Cotton Valley is 87 versus 100 for the rest of the US. Local companies in Cotton Valley include Simmons Building Supply, B & B Outdoor Equipment, and Walker Feed & Hardware. With its low cost of living, Cotton Valley offers people an affordable alternative to larger cities while still providing access to many amenities.
Cotton Valley has an unemployment rate of 6.0%. The US average is 6.0%.
Cotton Valley has seen the job market decrease by -5.2% 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 Cotton Valley
- The Sales Tax Rate for Cotton Valley is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Cotton Valley 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 Cotton Valley
- The average income of a Cotton Valley resident is $13,939 a year. The US average is $37,638 a year.
- The Median household income of a Cotton Valley resident is $20,833 a year. The US average is $69,021 a year.