Housing costs in New Iberia?
A typical home costs
$191,000, which is 43.5% less expensive than the national average of
$338,100 and 3.4% more expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in New Iberia costs
$1,040 per month, which is 4.0% more than the national average of
$1,000 and 10.6% more than the state average of
$930.
Can I afford New Iberia?
To live comfortably in New Iberia (zip 70563), Louisiana, a minimum annual income of
$36,720 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about New Iberia?
The cost of living in 70563 New Iberia, LA is relatively high compared to the national average. The median home value is $126,977, and the median household income is $41,837. Groceries, housing, utilities and transportation are all more expensive than the national average. While this may be a little inconvenient for some people looking to relocate to this area of Louisiana, the overall quality of life is worth it as there are plenty of jobs in 70563 New Iberia and the surrounding area. Additionally, many locals enjoy activities like boating on Bayou Teche or fishing in Vermilion Bay which can make for a great weekend getaway.