Norwood, LA 70761 is a great place to live if you're looking for an affordable lifestyle. The average rent for a two-bedroom apartment in Norwood is $830, which is far below the US average of $1,430. Additionally, grocery costs are also lower compared to other cities, with an index score of 95 versus 100 in the US. With a variety of local businesses nearby, such as Lucky's Grocery Store, Norwood Pharmacy & Gifts, and Cajun Country Inn & Suites, residents can easily access all the necessities needed for everyday life. There is a strong sense of community and plenty of opportunities to explore the outdoors in this small town.
Norwood (zip 70761) has an unemployment rate of 5.1%. The US average is 6.0%.
Norwood (zip 70761) has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.
Tax Rates for Norwood (zip 70761)
- The Sales Tax Rate for Norwood (zip 70761) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Norwood (zip 70761) 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 Norwood (zip 70761)
- The average income of a Norwood (zip 70761) resident is $23,225 a year. The US average is $37,638 a year.
- The Median household income of a Norwood (zip 70761) resident is $39,609 a year. The US average is $69,021 a year.