Understand the cost of living in Louisiana including housing, taxes, insurance, and everyday expenses. Compare Louisiana costs to the national average.
Louisiana has a cost of living index of 91, where 100 represents the national average. This means living in Louisiana is 91 percent of the national average cost. The median household income in Louisiana is $54,900, which should be weighed against local expenses.
Housing is typically the largest expense for Louisiana residents. The median home price is $195,000, with property taxes averaging 0.51% and home insurance at $2,900 per year. Renters also face costs influenced by the state's overall cost of living index of 91.
Louisiana residents pay a top income tax rate of 4.25%, a sales tax of 4.45%, and property taxes of 0.51%. These tax rates play a major role in the overall cost of living and your household budget.
Auto insurance in Louisiana averages $2,800 per year, which is a significant ongoing expense. Combined with fuel, maintenance, and commuting costs, transportation can account for a notable portion of the Louisiana household budget.
With a cost of living index of 91, Louisiana ranks among states that are 91 percent of the national average. The median income of $54,900 and median home price of $195,000 provide useful benchmarks for comparison. Use CalcHubb's cost of living calculator to compare Louisiana with any other state.
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