Welcome, LA is an attractive destination for people looking for great cost of living. A 2 bedroom rent in Welcome, LA is $870 compared to the US rate of $1,430. Moreover, groceries index in Welcome, LA is 93 versus 100 in the US. The city has many local companies which include Southern Security Federal Credit Union, Reliance Bank and Anchor Insurance Agency. Other attractions include Robert's Cove Water Park that offers kayaking and water slides, Yambilee Festival Grounds with a venue for hosting events, and Richard’s Rainforest which provides educational tours of a tropical rainforest habitat.
Welcome has an unemployment rate of 9.0%. The US average is 6.0%.
Welcome has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for Welcome
- The Sales Tax Rate for Welcome is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Welcome 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 Welcome
- The average income of a Welcome resident is $13,461 a year. The US average is $28,555 a year.
- The Median household income of a Welcome resident is $48,112 a year. The US average is $69,021 a year.