Housing costs in Lake Charles?
A typical home costs
$141,100, which is 58.3% less expensive than the national average of
$338,100 and 23.6% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Lake Charles costs
$1,000 per month, which is 0.0% cheaper than the national average of
$1,000 and 2.0% more than the state average of
$980.
Can I afford Lake Charles?
To live comfortably in Lake Charles (zip 70601), Louisiana, a minimum annual income of
$27,000 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Lake Charles?
The cost of living in 70601 Lake Charles, LA is relatively affordable compared to other cities in the United States. As of 2019, the median home value in this area was just over $100,000 and the median rental rate for a two-bedroom apartment was approximately $850 per month. The average annual grocery bill for a four-person family is roughly $6,500 and the overall cost of living index is below the national average. Utilities such as electricity and water are also much cheaper than other locations. With such affordable costs of living, Lake Charles can be an excellent choice for those looking for a more budget-friendly place to live.