Norwood, LA is a small town located in the southeastern part of Louisiana. With an affordable rent of $840 for two bedroom apartments, Norwood is ideal for those looking for a cost-effective living situation. In addition to lower rent, Norwood also has a lower grocery cost index than the United States with 95 compared to 100. This makes it an attractive location for anyone looking to save on their everyday expenses. Norwood also has some great local businesses that appeal to its residents. Companies such as G&W Auto Repair and J&B Landscaping provide quality services to the community and contribute to making Norwood a desirable place to live.
Norwood has an unemployment rate of 5.1%. The US average is 6.0%.
Norwood has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.
Tax Rates for Norwood
- The Sales Tax Rate for Norwood is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Norwood 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 Norwood
- The average income of a Norwood resident is $30,120 a year. The US average is $37,638 a year.
- The Median household income of a Norwood resident is $52,500 a year. The US average is $69,021 a year.