Watson, LA Economy


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Watson, LA is a small town located in the southeastern part of Louisiana. It has an estimated population of about 800 people and is known for its affordability. Two bedroom rent in Watson is $1,060 which is lower than the US average of $1,430. The grocery cost index in Watson is also lower than that of the US at 97 versus 100, making it a great place to live for people with a tight budget. Popular local companies include Louisiana Lumber & Supply Co, Inc., Annie Belle's Southern Cafe & Bakery, and J&M Auto Repair & Sales. These businesses provide locals with essential services as well as employment opportunities for the community.

Watson has an unemployment rate of 4.2%. The US average is 6.0%.

Watson 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 29.8%, which is lower than the US average of 33.5%.

Tax Rates for Watson
- The Sales Tax Rate for Watson is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Watson 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 Watson
- The average income of a Watson resident is $34,700 a year. The US average is $37,638 a year.
- The Median household income of a Watson resident is $98,073 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWatson, LouisianaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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