Palmetto, LA is a small town located in the south of Louisiana. It is known for its friendly and welcoming atmosphere and offers an array of services to its residents. Local companies that are popular in Palmetto include grocery stores such as Save-A-Lot and Dollar General, local restaurants like Cajun Cafe and Wong's Chinese Restaurant, and gas stations like Shell and Chevron. \nThe cost of living in Palmetto is quite affordable compared to other cities in the US. 2 bedroom rent is only $730 per month while the average for the US is much higher at $1430. In addition, groceries also costs less in Palmetto with a Grocery Cost Index of 92 versus 100 in the US. With these factors taken into account, it's no surprise why many people decide to make Palmetto their home.
Palmetto has an unemployment rate of 7.2%. The US average is 6.0%.
Palmetto has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 13.2%, which is lower than the US average of 33.5%.
Tax Rates for Palmetto
- The Sales Tax Rate for Palmetto is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Palmetto 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 Palmetto
- The average income of a Palmetto resident is $16,346 a year. The US average is $37,638 a year.
- The Median household income of a Palmetto resident is $0 a year. The US average is $69,021 a year.