Housing costs in Morgan City?
A typical home costs
$124,000, which is 63.3% less expensive than the national average of
$338,100 and 32.9% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Morgan City costs
$910 per month, which is 9.0% cheaper than the national average of
$1,000 and 4.4% more than the state average of
$870.
Can I afford Morgan City?
To live comfortably in Morgan City (zip 70380), Louisiana, a minimum annual income of
$23,760 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Morgan City?
The cost of living in Morgan City, LA (70380) is relatively low compared to other cities across the United States. According to Best Places, the median home price in Morgan City is $124,800 which is nearly 20% lower than the national average. Additionally, rent prices tend to be significantly lower than most other cities with a median rental rate of $824 per month. Furthermore, groceries and dining out are also affordable with an overall cost of goods and services that is 12% below the national average. All these factors make Morgan City a great place to live for those looking for a more affordable yet enjoyable lifestyle.