Minorca, LA is a small city located in the southern part of Louisiana. It has a population of approximately 1,500 people and is rapidly growing. Despite its small size, Minorca offers many amenities to its citizens, such as low rental prices for two bedroom apartments which average at around $730 per month. The cost of groceries in Minorca is also much lower than the national average, at 90 compared to 100 in the US.
In terms of local businesses and organizations, there are several popular stores such as Dollar General and Walgreens located within Minorca's limits. Additionally, organizations like the Minorca Chamber of Commerce strive to help local businesses grow by offering mentorship and support services. There are also several churches that serve to provide both spiritual guidance to their members as well as health services for those living in poverty.
Minorca has an unemployment rate of 6.4%. The US average is 6.0%.
Minorca has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 8.2%, which is lower than the US average of 33.5%.
Tax Rates for Minorca
- The Sales Tax Rate for Minorca is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Minorca 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 Minorca
- The average income of a Minorca resident is $17,606 a year. The US average is $37,638 a year.
- The Median household income of a Minorca resident is $40,875 a year. The US average is $69,021 a year.