Zip 71263 (Oak Grove, LA) Economy


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United States / Louisiana / No Metro Area / West Carroll County / Oak Grove / Oak Grove (zip 71263)
Oak Grove, LA (ZIP code 71263) is a charming town situated in the heart of Louisiana. It has a population of approximately 2,000 people and offers a peaceful rural lifestyle ideal for raising families or retiring. The rental costs for two-bedroom apartments in Oak Grove are significantly lower than the national average, at only $730 compared to $1,430. Similarly, groceries are also more affordable here than elsewhere in the US—the grocery cost index is 89 compared to 100 nationally.
The town of Oak Grove features an array of local businesses from family-run restaurants such as Papa B's Burgers and Brews to landscaping companies like Williams & Sons Landscaping Solutions. Shopping can be done at locally owned stores like Gizmo's General Store while health and beauty needs can be taken care of at Tressa's Salon & Spa. Along with these local establishments, the town also proudly boasts its own school system called West Carroll Parish Schools. With everything it has to offer, Oak Grove is an excellent place to call home!

Oak Grove (zip 71263) has an unemployment rate of 6.9%. The US average is 6.0%.

Oak Grove (zip 71263) has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 18.1%, which is lower than the US average of 33.5%.

Tax Rates for Oak Grove (zip 71263)
- The Sales Tax Rate for Oak Grove (zip 71263) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Oak Grove (zip 71263) 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 Oak Grove (zip 71263)
- The average income of a Oak Grove (zip 71263) resident is $20,652 a year. The US average is $28,555 a year.
- The Median household income of a Oak Grove (zip 71263) resident is $39,063 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOak Grove, LouisianaUnited States
  6.96
  -0.6%-6.2%
  18.1%33.5%
  9.5%6.2%
  6.0%4.6%
  $23,150$37,638
  $39,063$69,021
  $59,423$85,028
  Population by Occupation
  6.8%1.2%
  2.3%0.5%
  11.1%6.8%
  5.4%10.0%
  1.8%2.5%
  12.4%11.0%
  6.3%4.8%
  0.8%0.8%
  0.3%1.9%
  3.1%4.7%
  0.6%1.9%
  6.2%7.6%
  0.0%0.1%
  2.0%4.2%
  7.7%9.3%
  15.9%14.0%
  0.7%2.1%
  6.9%7.0%
  4.6%4.8%
  5.4%4.7%
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