Richland is an unincorporated community located in LaSalle Parish, Louisiana. The area is known for its abundant natural resources and small-town charm. Richland is part of the Monroe Metropolitan Statistical Area and boasts a number of local businesses such as Richland Country Store, S & K Restaurant, and L & M’s Grocery. Economically speaking, living costs in Richland are considerably cheaper than those of the United States on average; the 2 bedroom rent price here is $740 compared to $1,430 across the country, while the grocery cost index in Richland is 89 versus 100 nationally. This makes it an attractive place for budget-conscious individuals looking for a place to live.
Richland County has an unemployment rate of 5.7%. The US average is 6.0%.
Richland County has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 18.0%, which is lower than the US average of 33.5%.
Tax Rates for Richland County
- The Sales Tax Rate for Richland County is 9.1%. The US average is 7.3%.
- The Income Tax Rate for Richland County 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 Richland County
- The average income of a Richland County resident is $19,440 a year. The US average is $28,555 a year.
- The Median household income of a Richland County resident is $42,956 a year. The US average is $69,021 a year.