Louisiana Housing Costs The typical renter in Louisiana spends $850 a month on housing, $173 less than the $1,023 national median monthly rent. Monthly rent for a one-bedroom in the state is $721, while the typical rent for a unit with five or more bedrooms is $1,140.
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How expensive is it to live in Louisiana?
An amount below 100 means Louisiana is cheaper than the US average.
Louisiana cost of living is 86.9.
| COST OF LIVING | Louisiana | United States |
|---|---|---|
| Grocery | 92.7 | 100 |
| Health | 93.9 | 100 |
| Housing | 62.1 | 100 |
| Median Home Cost | $189,200 | $291,700 |
Is Louisiana low cost of living?
For the most part, Louisiana’s metropolitan areas are below the national average. Louisiana as a whole is below the national figures in most categories. The state’s cost of living index for food and groceries is 92.7, and the score for housing is 62.1.
How much money does it cost to live for a month?
But budgeting an average of $50 to $60 per month to power a one- or two-bedroom apartment should suffice. And many apartments come with garbage and water service included, so you may not have to worry about that.
| Monthly gross pay | $2,917 ($35,000 divided by 12 months) |
|---|---|
| NET INCOME | $2,113 per month ($25,356 per year) |
Where does Louisiana rank in cost of living?
MERIC derives the cost of living index for each state by averaging the indices of participating cities and metropolitan areas in that state.
2021 Third Quarter 2021 Cost of Living.
| Rank | 1 | 16 |
|---|---|---|
| State | Mississippi | Louisiana |
| Index | 85.1 | 92.8 |
| Grocery | 95.3 | 97.4 |
| Housing | 66.4 | 86.0 |
How much money do I need to make to live in Louisiana?
Typical Expenses
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Required annual income after taxes | $24,000 | $66,572 |
| Annual taxes | $5,250 | $16,591 |
| Required annual income before taxes | $29,251 | $83,164 |
How much is a water bill in Louisiana?
Water Prices By State 2021
| State | Avg. Total Utilities | Water |
|---|---|---|
| Louisiana | $273 | $33 |
| Vermont | $271 | $18 |
| Oklahoma | $268 | $33 |
| Montana | $265 | $34 |
What is the cheapest town in Louisiana to live in?
But these are ever day sights in Houma, our number one pick for the most affordable place to live in Louisiana. With only 34,000 residents, this is a relatively small town that packs a punch in cost-effectiveness. Median household income hangs at $47,052 and median home price is $150,800.
Which state is the cheapest state to live in?
Mississippi
1. Mississippi. The cheapest state to live in in the United States is Mississippi. Overall, Mississippi’s average cost of living is about 15% lower than the national average cost of living.
What state has lowest cost of living?
States with the Lowest Cost of Living
- Mississippi. Mississippi has the lowest cost out of living of all 50 states.
- Oklahoma. Oklahoma has the second-lowest cost of living in the United States.
- Arkansas. The state with the third-lowest cost of living in Arkansas.
- Kansas.
- Missouri.
- Georgia.
- Alabama.
- New Mexico.
How can I live on $1000 a month?
How to live on $1,000 a month: Decrease your expenses and increase your income
- Look for areas to decrease your spending as much as possible.
- Focus on smaller areas if you can’t make major life changes.
- Find side hustles that you can commit to for 5-10 hours per week.
How much are utilities monthly?
US Average Cost of Utilities per Month
In the US, people who rent apartments should plan to spend at least $240 per month for utilities,1 and we’ve found that homeowners should budget closer to $400 a month.
What is the cost of living in 2021?
Comparison Highlights
| Cost of Living Indexes | Los Angeles, CA | Difference |
|---|---|---|
| Overall Index: Homeowner, No Child care, Taxes Not Considered | 176.2 | 12.6% less |
| Food & Groceries | 104.1 | 6.5% more |
| Housing (Homeowner) | 298.2 | 2.4% less |
| Median Home Cost | $883,400 | $112,900 (12.8% less) |
What is a good salary in Louisiana?
While ZipRecruiter is seeing salaries as high as $124,399 and as low as $18,751, the majority of salaries within the Average jobs category currently range between $45,277 (25th percentile) to $67,687 (75th percentile) with top earners (90th percentile) making $82,322 annually in Louisiana.
What is the most expensive state to live in?
Hawaii
There may be no more breathtaking a place than the Aloha State, but prices in Hawaii, America’s most expensive state, will take your breath away, too.
Is food expensive in Louisiana?
Louisiana Food Costs
In Louisiana, a single adult spends an average of $3,119 on food annually, and a family of four spends $9,006 on average. For context, the nationwide average annual food expenditure is $3,240 for a single adult and $9,354 for a family of four.
What is a good hourly wage in Louisiana?
$12.75 is the 25th percentile. Wages below this are outliers. $21.33 is the 75th percentile. Wages above this are outliers.
What are Top 10 Highest Paying Cities for Hourly Rate Jobs in Louisiana.
| City | New Orleans |
|---|---|
| Annual Salary | $42,001 |
| Monthly Pay | $3,500 |
| Weekly Pay | $808 |
| Hourly Wage | $20.19 |
What is a good salary for a single person in Louisiana?
A Louisiana resident needs an annual salary of about $29,250 before taxes to get by without outside help and stay above the poverty line, according to a new cost of living calculator from MIT.
What is a good hourly wage to live comfortably?
A single person in California needs to earn, on average, about $12.30/hour working full time to cover basic living expenses. Add a kid to the mix, and that rate rises sharply to more than $25/hour. That’s according to the Living Wage Calculator created by Amy K.
How much do all utilities cost a month for a house?
How much are average utilities for a house? Across the US, homeowners should set aside around $400 a month for their home’s utilities.
How much is electricity per month in an apartment?
The average electric bill for a 1 bedroom apartment per month is about $50-90, depending on where you live. It will increase for larger apartments and households, and vary depending on your lifestyle. Your electric bill is likely to account for the highest expense on your monthly utility bill.
