Wallace Ridge, LA is a city located in the southeastern part of Louisiana. It is a growing city that offers plenty in terms of business opportunities and amenities. The cost of living in Wallace Ridge is quite low compared to the US average. Rent for a two bedroom apartment costs around $740 a month while groceries have an index score of 89 versus 100 in the US. The city also has various local companies such as Wallace Ridge Dry Cleaners, Wallace Ridge Towing, and Wallace Ridge Auto Repair that employ many people in the area. Demographically, Wallace Ridge has a population of over 35,000 people with a median age of 48 years old and nearly 90% are individuals with some college education or higher.
Wallace Ridge has an unemployment rate of 5.7%. The US average is 6.0%.
Wallace Ridge has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 14.6%, which is lower than the US average of 33.5%.
Tax Rates for Wallace Ridge
- The Sales Tax Rate for Wallace Ridge is 11.0%. The US average is 7.3%.
- The Income Tax Rate for Wallace Ridge 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 Wallace Ridge
- The average income of a Wallace Ridge resident is $22,471 a year. The US average is $28,555 a year.
- The Median household income of a Wallace Ridge resident is $78,036 a year. The US average is $69,021 a year.