Palmetto, Louisiana is an ideal place to live for those looking for a more affordable cost of living. The median 2 bedroom rent in Palmetto is $760 compared to the US average of $1,430. This disparity makes housing much more affordable while still providing quality options from local companies such as Palmetto Realtors or Hometown Rentals. In addition to reasonable rental prices, Palmetto also boasts a Grocery Cost Index (GCI) of 92 versus 100 in the US. This difference can be seen in the cost of day-to-day necessities such as food items and toiletries with people in Palmetto enjoying lower prices than those found elsewhere in America.
Palmetto (zip 71358) has an unemployment rate of 7.2%. The US average is 6.0%.
Palmetto (zip 71358) has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 13.2%, which is lower than the US average of 33.5%.
Tax Rates for Palmetto (zip 71358)
- The Sales Tax Rate for Palmetto (zip 71358) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Palmetto (zip 71358) 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 Palmetto (zip 71358)
- The average income of a Palmetto (zip 71358) resident is $17,573 a year. The US average is $28,555 a year.
- The Median household income of a Palmetto (zip 71358) resident is $33,438 a year. The US average is $69,021 a year.