Lake Charles, LA Metro Area is an ideal destination for those who want a relaxed lifestyle with a low cost of living. The two-bedroom apartment rent in the area averages at $980 compared to the US average of $1,430 making it an affordable place to live. Moreover, the grocery cost index in this area is 92 while it is 100 in the US. This makes Lake Charles an attractive place for people looking to save money on their everyday needs. \nLocal companies such as Sasol, Citgo Petroleum Corporation, Calcasieu Ship Channel Co., Gulf Coast Motor Works, and Imperial Calcasieu Museum have created many employment opportunities in the region. With such affordable accommodation prices and a lower grocery cost index, people can save more and enjoy living with greater financial freedom in this area of Louisiana.
Lake Charles Metro Area has an unemployment rate of 6.8%. The US average is 6.0%.
Lake Charles Metro Area has seen the job market decrease by -13.6% over the last year. Future job growth over the next ten years is predicted to be 54.1%, which is higher than the US average of 33.5%.
Tax Rates for Lake Charles Metro Area
- The Sales Tax Rate for Lake Charles Metro Area is 10.1%. The US average is 7.3%.
- The Income Tax Rate for Lake Charles Metro Area 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 Lake Charles Metro Area
- The average income of a Lake Charles Metro Area resident is $31,063 a year. The US average is $37,638 a year.
- The Median household income of a Lake Charles Metro Area resident is $59,828 a year. The US average is $69,021 a year.