Housing costs in Louisiana?
A typical home costs
$184,800, which is 45.3% less expensive than the national average of
$338,100 and 0.0% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Louisiana costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and close to the state average of
$1,000.
Can I afford Louisiana?
To live comfortably in Louisiana, a minimum annual income of
$35,280 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Louisiana?
The cost of living in Louisiana State is relatively low compared to other states. The average cost of living in the state, including costs for housing, transportation, food, and healthcare among other expenses, is about 10% lower than the national average. This makes it an attractive place for people looking to move to an area with a lower cost of living. Additionally, Louisiana has no state income tax which further reduces the overall cost of living.