The small town of Oak Ridge, Louisiana (zip code 71264) is a great place to call home. Despite its small size, there are plenty of local amenities and things to do; from family-run restaurants and stores to larger regional chains, there's something for everyone. The two bedroom rent in Oak Ridge is $780, which is much lower than the US average of $1430 - making it a great option for those looking for an affordable living situation. Not only does Oak Ridge have lower rent costs but residents can also find other savings like on grocery items since the Grocery Cost Index in Oak Ridge is 91 versus 100 in the US. Local companies like Magnolia Family Food Mart and Pharmacy, Hays Supermarket & Grocery Store, and Bayou Tire & Automotive provide excellent services to the residents of Oak Ridge.
Oak Ridge (zip 71264) has an unemployment rate of 8.3%. The US average is 6.0%.
Oak Ridge (zip 71264) has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 14.9%, which is lower than the US average of 33.5%.
Tax Rates for Oak Ridge (zip 71264)
- The Sales Tax Rate for Oak Ridge (zip 71264) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Oak Ridge (zip 71264) 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 Ridge (zip 71264)
- The average income of a Oak Ridge (zip 71264) resident is $25,924 a year. The US average is $37,638 a year.
- The Median household income of a Oak Ridge (zip 71264) resident is $55,217 a year. The US average is $69,021 a year.