Baton Rouge, Louisiana (zip code 70807) is a popular area for people looking for affordable housing options. The average two bedroom rent here is $870 which is significantly lower than the U.S. average of $1,430. This makes Baton Rouge an attractive place to live if you are on a budget. Other factors to consider are the grocery cost index, which in Baton Rouge is 94 compared to 100 nationwide. Companies such as Capital One Financial Corporation, Turner Industries, and Lamar Advertising all have their headquarters located in the city. All in all, the cost of living in Baton Rouge is low compared to other parts of the country making it a great option for those who want more affordable housing options and access to jobs at local businesses.
Baton Rouge (zip 70807) has an unemployment rate of 7.5%. The US average is 6.0%.
Baton Rouge (zip 70807) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.
Tax Rates for Baton Rouge (zip 70807)
- The Sales Tax Rate for Baton Rouge (zip 70807) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Baton Rouge (zip 70807) 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 Baton Rouge (zip 70807)
- The average income of a Baton Rouge (zip 70807) resident is $12,187 a year. The US average is $28,555 a year.
- The Median household income of a Baton Rouge (zip 70807) resident is $29,391 a year. The US average is $69,021 a year.