Forest Hill, LA is a great place to live due to its affordable cost of living. The average 2 bedroom rent in Forest Hill is only $830 compared to the US average of $1,430. Grocery costs are also quite low with an index score of 90 compared to the US's 100. There are many local businesses that make up the bustling economy such as ABC Restaurants, XYZ Services and LMN Store. Overall, Forest Hill offers a high quality of life without breaking the bank.
Forest Hill has an unemployment rate of 4.4%. The US average is 6.0%.
Forest Hill has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 18.1%, which is lower than the US average of 33.5%.
Tax Rates for Forest Hill
- The Sales Tax Rate for Forest Hill is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Forest Hill 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 Forest Hill
- The average income of a Forest Hill resident is $14,684 a year. The US average is $28,555 a year.
- The Median household income of a Forest Hill resident is $77,500 a year. The US average is $69,021 a year.