Housing costs in Madisonville?
A typical home costs
$362,400, which is 7.2% more expensive than the national average of
$338,100 and 96.1% more expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Madisonville costs
$1,560 per month, which is 56.0% more than the national average of
$1,000 and 24.4% more than the state average of
$1,180.
Can I afford Madisonville?
To live comfortably in Madisonville (zip 70447), Louisiana, a minimum annual income of
$69,480 for a family, and
$52,800 for a single person is recommended.
What does A.I. say about Madisonville?
The cost of living in Madisonville, LA is fairly affordable compared to other areas. The median home value is around $119,000, which is significantly lower than the national average. The overall cost of living index is 81.1, which is 19.9% lower than the US average. Utility costs are also generally lower here than in other areas due to the mild climate and available resources. Grocery prices are slightly higher here than the rest of the state but are still well within reach for most budgets. Generally speaking, living in Madisonville can be a relatively affordable option for many seeking a more rural lifestyle without sacrificing too much on their living expenses.