New Iberia, LA 70563 is an ideal place for those looking for an affordable cost of living. The 2 bedroom rent in the area averages at $1,040, which is much lower than the national average of $1,430. The grocery cost index in New Iberia is 95, versus 100 in the US. This means that groceries are significantly cheaper here too.
Apart from its affordability, New Iberia also has a lot to offer. It’s home to many local businesses and attractions such as the Shadows-on-the-Teche Plantation House Museum, Palmetto Island State Park, Cajun Country Tours and Charters and B & J’s Poboys. There is something for everyone to enjoy here!
New Iberia (zip 70563) has an unemployment rate of 10.1%. The US average is 6.0%.
New Iberia (zip 70563) has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 7.3%, which is lower than the US average of 33.5%.
Tax Rates for New Iberia (zip 70563)
- The Sales Tax Rate for New Iberia (zip 70563) is 7.7%. The US average is 7.3%.
- The Income Tax Rate for New Iberia (zip 70563) 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 New Iberia (zip 70563)
- The average income of a New Iberia (zip 70563) resident is $33,214 a year. The US average is $28,555 a year.
- The Median household income of a New Iberia (zip 70563) resident is $66,471 a year. The US average is $69,021 a year.