Housing costs in Prospect?
A typical home costs
$177,400, which is 47.5% less expensive than the national average of
$338,100 and 4.0% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Prospect costs
$990 per month, which is 30.8% cheaper than the national average of
$1,430 and close to the state average of
$1,000.
Can I afford Prospect?
To live comfortably in Prospect, Louisiana, a minimum annual income of
$33,840 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Prospect?
The cost of living in Prospect, LA is relatively low compared to some other areas of the state. The average price for a home in the area is around $150,000, significantly lower than the national average. Groceries and utilities are also noticeably cheaper than in other places. Taxes are also quite affordable, with a combined sales tax rate of 9.45%. In addition to these favorable prices, there are many job opportunities available due to the city's thriving economy. All this makes Prospect, LA an attractive option for those looking for an affordable place to live.