Shreveport-Bossier City, LA Metro Area is a vibrant city with a good economic outlook. The two bedroom rent in the area is quite affordable at $1,010 compared to the US average of $1,430. Additionally, the grocery cost index is 91 versus 100 in the US. There are many well-known companies located in Shreveport-Bossier City such as Barksdale Air Force Base, Louisiana State University Health Shreveport, Willis-Knighton Medical Center and many more. These provide employment opportunities for locals and drive economic growth. Overall, Shreveport-Bossier City has a promising economic future with plenty of job opportunities available to local citizens.
Shreveport-Bossier City Metro Area has an unemployment rate of 6.3%. The US average is 6.0%.
Shreveport-Bossier City Metro Area has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 18.1%, which is lower than the US average of 33.5%.
Tax Rates for Shreveport-Bossier City Metro Area
- The Sales Tax Rate for Shreveport-Bossier City Metro Area is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Shreveport-Bossier City 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 Shreveport-Bossier City Metro Area
- The average income of a Shreveport-Bossier City Metro Area resident is $29,521 a year. The US average is $37,638 a year.
- The Median household income of a Shreveport-Bossier City Metro Area resident is $47,729 a year. The US average is $69,021 a year.