Housing costs in Shreveport?
A typical home costs
$276,300, which is 18.3% less expensive than the national average of
$338,100 and 49.5% more expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Shreveport costs
$950 per month, which is 5.0% cheaper than the national average of
$1,000 and 6.3% cheaper than the state average of
$1,010.
Can I afford Shreveport?
To live comfortably in Shreveport (zip 71106), Louisiana, a minimum annual income of
$52,920 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Shreveport?
The cost of living in 71106 Shreveport, LA is fairly affordable compared to other locations. According to the Council for Community and Economic Research, the cost of living index for this area is 93.4, which is 7.5% lower than the U.S. average of 101. This means that you can find reasonably priced housing, groceries, and services in the area. The median home price for this zip code is $98,500 and the median rent is $819 per month. Grocery costs are also relatively low compared to other areas with a grocery index of 91.9 and utilities costing an average of $128 per month for electricity and natural gas use combined. Overall, 71106 Shreveport LA provides an affordable cost of living for those looking for a more budget-friendly place to live.