Lake Charles, LA located in zip code 70607 is an affordable place to live. The city has stunning scenery and a vibrant culture, with the average 2 bedroom rent at $950 compared to the US average of $1,430. Grocery costs are also lower as the cost index stands at 93 versus 100 in the US. The city is home to many businesses such as Imperial Calcasieu Museum, Contraband Bayou Golf Club, and Lake Charles/Southwest Louisiana Convention & Visitors Bureau which offer great cultural experiences and attractions for visitors and residents alike.
Lake Charles (zip 70607) has an unemployment rate of 8.7%. The US average is 6.0%.
Lake Charles (zip 70607) has seen the job market decrease by -13.6% over the last year. Future job growth over the next ten years is predicted to be 54.2%, which is higher than the US average of 33.5%.
Tax Rates for Lake Charles (zip 70607)
- The Sales Tax Rate for Lake Charles (zip 70607) is 10.2%. The US average is 7.3%.
- The Income Tax Rate for Lake Charles (zip 70607) 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 Lake Charles (zip 70607)
- The average income of a Lake Charles (zip 70607) resident is $24,620 a year. The US average is $37,638 a year.
- The Median household income of a Lake Charles (zip 70607) resident is $45,275 a year. The US average is $69,021 a year.