Grand Coteau, Louisiana is a charming small town located in the heart of St. Landry Parish. With a population of just over 1,000 people, Grand Coteau is rich in tradition and culture. The town is known for its art galleries, Creole-style cooking, and Southern hospitality. The cost of living is much lower than the rest of the country with 2 bedroom rent at $720 compared to $1,430 in the US and grocery costs index at 94 versus 100 in the US.
The local industry is dominated by agriculture and farming as well as manufacturing and retail centers. While many locals are self-employed working on farms or ranches there are also several local companies such as Cornerstone Lumber Co that specializes in custom millwork and woodworking products; 3D Farms – an 8th generation family-owned farm which produces fresh produce; Food Giant Grocery Store – a locally-owned grocery store; and First Bank & Trust Co which provides banking services throughout St. Landry Parish.
Grand Coteau's economy relies heavily on these businesses and entrepreneurs to provide jobs for its residents while maintaining a low cost of living for them.
Grand Coteau (zip 70541) has an unemployment rate of 7.2%. The US average is 6.0%.
Grand Coteau (zip 70541) has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 13.2%, which is lower than the US average of 33.5%.
Tax Rates for Grand Coteau (zip 70541)
- The Sales Tax Rate for Grand Coteau (zip 70541) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Grand Coteau (zip 70541) 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 Grand Coteau (zip 70541)
- The average income of a Grand Coteau (zip 70541) resident is $20,577 a year. The US average is $37,638 a year.
- The Median household income of a Grand Coteau (zip 70541) resident is $0 a year. The US average is $69,021 a year.