Westminster, LA is a small city in Louisiana that offers a lot of opportunities. It has a wide variety of businesses ranging from local stores to national brands, giving locals plenty of options for shopping and dining out. The cost of living in Westminster is also quite low compared to the national average. Rental prices in the area are quite affordable at around $1,200 for two bedroom apartments, while the US average for the same sized homes is $1,430. Additionally, grocery costs index in Westminster falls below the US average at 99 versus 100, making it an ideal location for those trying to save money. All these factors make Westminster an attractive place to buy property or start a business.
Westminster has an unemployment rate of 6.2%. The US average is 6.0%.
Westminster 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 25.9%, which is lower than the US average of 33.5%.
Tax Rates for Westminster
- The Sales Tax Rate for Westminster is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Westminster 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 Westminster
- The average income of a Westminster resident is $53,969 a year. The US average is $37,638 a year.
- The Median household income of a Westminster resident is $63,854 a year. The US average is $69,021 a year.