Housing costs in Shreveport?
A typical home costs
$79,500, which is 76.5% less expensive than the national average of
$338,100 and 57.0% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Shreveport costs
$800 per month, which is 20.0% cheaper than the national average of
$1,000 and 26.3% cheaper than the state average of
$1,010.
Can I afford Shreveport?
To live comfortably in Shreveport (zip 71101), Louisiana, a minimum annual income of
$15,120 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Shreveport?
The cost of living in 71101 Shreveport, LA is quite reasonable. The overall cost of living index is at 88, which is 12% lower than the average for the entire US. Housing costs are especially low with a median home value of $127,400 and a median rent of $976. Grocery costs and utility bills are also below the national averages, making it an affordable option for residents. Additionally, the sales tax rate in 71101 Shreveport, LA is 8.45%, which is slightly lower than most other cities in Louisiana. All of these factors make living in this area an attractive option due to its affordability.