The city of Folsom, Louisiana (zip code 70437) is an affordable place to live, with the average 2-bedroom rent coming in at $1,160—lower than the US average of $1,430. This low cost of living is also reflected in the grocery cost index, which stands at 97 compared to 100 for the entire country. Local companies located in Folsom include Meisenheimer Family Funeral Home, Plaister Electric and Folsom Chevrolet. The city also offers a variety of educational opportunities through St. Tammany Parish Public Schools and Southeastern Louisiana University. With its lower rental prices and cost of living, Folsom is a great place to call home.
Folsom (zip 70437) has an unemployment rate of 4.4%. The US average is 6.0%.
Folsom (zip 70437) has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.
Tax Rates for Folsom (zip 70437)
- The Sales Tax Rate for Folsom (zip 70437) is 9.2%. The US average is 7.3%.
- The Income Tax Rate for Folsom (zip 70437) 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 Folsom (zip 70437)
- The average income of a Folsom (zip 70437) resident is $27,423 a year. The US average is $28,555 a year.
- The Median household income of a Folsom (zip 70437) resident is $64,036 a year. The US average is $69,021 a year.