Housing costs in Palmetto?
A typical home costs
$117,400, which is 65.3% less expensive than the national average of
$338,100 and 36.5% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Palmetto costs
$760 per month, which is 24.0% cheaper than the national average of
$1,000 and 2.6% more than the state average of
$740.
Can I afford Palmetto?
To live comfortably in Palmetto (zip 71358), Louisiana, a minimum annual income of
$22,320 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Palmetto?
The cost of living in 71358 Palmetto, LA is quite affordable compared to many other cities. The median home price in the area was $122,000 in 2019, which is relatively low compared to the national average of $231,000. Additionally, the average cost of living index for the area is around 91.5, making it a much more affordable place to live than other places with a higher cost of living index. Utility costs are also quite reasonable in Palmetto, with an average electric bill sneaking just under $100 per month for medium-sized households. All this makes the 71358 Palmetto area an attractive option for anyone looking for a lower cost of living while still being able to enjoy all the amenities that come with bigger metropolitan areas.