The city of Lake Providence, Louisiana (zip code 71254) is an affordable place to live. The average cost of a two-bedroom apartment in the area is only $570, which is dramatically lower than the US average of $1,430. Similarly, the Grocery Cost Index in Lake Providence is 86, compared to 100 for the US as a whole.
Lake Providence is home to a number of local businesses including Reeves Building Supplies and Hardware and Bloomin' Hot Tubs & Spas. There are also several great restaurants like Pops Meal House and The Big O Grill that serve up delicious meals. For auto repair needs, locals turn to reliable services like Bob's Repair Shop or Wayne's Automotive Repair Center. Additionally, those looking for outdoor activities can visit nearby parks such as Constitution Park or head to Bayou Chevreuil Wildlife Management Area for birdwatching and fishing opportunities.
Lake Providence (zip 71254) has an unemployment rate of 11.3%. The US average is 6.0%.
Lake Providence (zip 71254) has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 4.3%, which is lower than the US average of 33.5%.
Tax Rates for Lake Providence (zip 71254)
- The Sales Tax Rate for Lake Providence (zip 71254) is 11.5%. The US average is 7.3%.
- The Income Tax Rate for Lake Providence (zip 71254) 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 Providence (zip 71254)
- The average income of a Lake Providence (zip 71254) resident is $20,538 a year. The US average is $37,638 a year.
- The Median household income of a Lake Providence (zip 71254) resident is $22,356 a year. The US average is $69,021 a year.