Housing costs in Lake Charles?
A typical home costs
$161,700, which is 52.2% less expensive than the national average of
$338,100 and 12.5% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Lake Charles costs
$950 per month, which is 5.0% cheaper than the national average of
$1,000 and 3.2% cheaper than the state average of
$980.
Can I afford Lake Charles?
To live comfortably in Lake Charles (zip 70607), Louisiana, a minimum annual income of
$30,960 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Lake Charles?
The cost of living in 70607 Lake Charles, LA is fairly reasonable compared to other cities in the United States. According to BestPlaces, the median home price is $149,100, which is lower than the national average of $217,000. The estimated cost of living index for this area is 96.2%, which is lower than the United States average of 100%. This means that overall costs are cheaper when living in 70607 Lake Charles, LA compared to other cities. Additionally, utilities are also relatively inexpensive with electricity rates at 10.98 cents/kwh and natural gas prices at 4.88 cents/therm on average.