Roanoke, LA is a small city located in North Louisiana. It is renowned for its vibrant culture and friendly people. The cost of living in Roanoke is relatively low compared to the US average; the rent for a two-bedroom apartment is around $690 per month while the US average is approximately $1,430. Additionally, groceries in Roanoke are about 12% cheaper than the US average, as measured by a grocery cost index score of 88 versus 100. \nSome local companies based in Roanoke include Abney & Associates Insurance Agency, Donaldson & Combest Law Firm, Brown’s Electronics Repair Services and Roberts Hardware Store. These businesses have been integral to the city’s economy for many years and have helped to create a thriving atmosphere for residents and visitors alike.
Roanoke has an unemployment rate of 5.5%. The US average is 6.0%.
Roanoke has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 27.4%, which is lower than the US average of 33.5%.
Tax Rates for Roanoke
- The Sales Tax Rate for Roanoke is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Roanoke 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 Roanoke
- The average income of a Roanoke resident is $11,753 a year. The US average is $37,638 a year.
- The Median household income of a Roanoke resident is $15,669 a year. The US average is $69,021 a year.