Branch, LA is a small town located near Lafayette. The average rent for a two-bedroom apartment here is $770, which is significantly lower than the national average of $1,430. Grocery costs are also comparatively lower with a cost index score of 91 compared to the US's 100. In terms of employment opportunities, local companies such as Ochsner St. Patrick Hospital, Performance Contractors Inc., and Quality Steel Corporation provide jobs in various industries. Therefore, Branch offers its inhabitants an affordable cost of living and various job opportunities making it an ideal place to live for people who want to make their life here.
Branch (zip 70516) has an unemployment rate of 5.7%. The US average is 6.0%.
Branch (zip 70516) has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 10.5%, which is lower than the US average of 33.5%.
Tax Rates for Branch (zip 70516)
- The Sales Tax Rate for Branch (zip 70516) is 8.7%. The US average is 7.3%.
- The Income Tax Rate for Branch (zip 70516) 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 Branch (zip 70516)
- The average income of a Branch (zip 70516) resident is $29,402 a year. The US average is $28,555 a year.
- The Median household income of a Branch (zip 70516) resident is $49,426 a year. The US average is $69,021 a year.