71016 Castor, Louisiana is an ideal location for families looking to settle down. The low costs of living are one of the main attractions, with an average 2 bedroom rent price of $650 and a grocery cost index of 87 versus 100 in the US. With the area only being about 60 miles from Shreveport, local residents have access to plenty of job opportunities while also being able to live away from the hustle and bustle of a big city. Local companies such as Nacogdoches Farm Supply and BancorpSouth provide well-paying employment opportunities in the community. Castor has plenty of activities for families to take part in, including visiting the Veterans Memorial Park or enjoying nature at nearby Lake Bistineau State Park. With its low cost of living and access to plenty of job opportunities, Castor is a great place for families looking to settle down.
Castor (zip 71016) has an unemployment rate of 6.5%. The US average is 6.0%.
Castor (zip 71016) 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 22.4%, which is lower than the US average of 33.5%.
Tax Rates for Castor (zip 71016)
- The Sales Tax Rate for Castor (zip 71016) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Castor (zip 71016) 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 Castor (zip 71016)
- The average income of a Castor (zip 71016) resident is $20,861 a year. The US average is $28,555 a year.
- The Median household income of a Castor (zip 71016) resident is $33,387 a year. The US average is $69,021 a year.