Prospect, LA is a charming city located in Louisiana. It offers a variety of amenities including plenty of places to eat and shop. The cost of living in Prospect is relatively affordable compared to other areas. The average two-bedroom rent in Prospect is $990 while the average two-bedroom rent in the US is $1,430; and the grocery cost index in Prospect is 91 versus 100 in the US. Prospect is home to several local businesses and stores such as The Prospect Market, Blue Ridge Pharmacy, and Prospect Cinema. Residents enjoy a low cost of living and access to quality services from these local companies.
Prospect has an unemployment rate of 4.2%. The US average is 6.0%.
Prospect has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 17.4%, which is lower than the US average of 33.5%.
Tax Rates for Prospect
- The Sales Tax Rate for Prospect is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Prospect 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 Prospect
- The average income of a Prospect resident is $14,684 a year. The US average is $28,555 a year.
- The Median household income of a Prospect resident is $60,357 a year. The US average is $69,021 a year.