Statistics About The Average Cost Of Living In Louisiana

In this post, we will explore the average cost of living in Louisiana by looking at various statistics related to expenses such as healthcare, housing, childcare, groceries, transportation, and more. Understanding these data points can provide valuable insights into the affordability and financial dynamics of living in the state of Louisiana.

Statistic 1

"The average annual healthcare cost per person in Louisiana is around $7,000."

Statistic 2

"The typical home price in Louisiana is about $183,000."

Statistic 3

"Louisiana’s average childcare cost for an infant is $7,500 annually."

Statistic 4

"The average clothing cost per person in Louisiana is approximately $1,800 annually."

Statistic 5

"Groceries in Louisiana cost about 3% less than the national average."

Statistic 6

"The average annual income in Louisiana is about $47,000."

Statistic 7

"Louisiana residents spend about $2,200 annually on food."

Statistic 8

"The median rent for a 1-bedroom apartment in Louisiana is $800 per month."

Statistic 9

"The average price of dining out in Louisiana is $15 per meal."

Statistic 10

"Louisiana has an average monthly transportation cost of $500."

Statistic 11

"Louisiana’s average property tax rate is 0.55%."

Statistic 12

"The average internet bill in Louisiana is $55 per month."

Statistic 13

"Louisiana’s poverty rate stands at 19.0%."

Statistic 14

"The cost of living index for Louisiana is 93.8."

Statistic 15

"The average cost of gasoline in Louisiana is $2.60 per gallon."

Statistic 16

"The sales tax rate in Louisiana is 4.45%."

Statistic 17

"The average cost of living in Louisiana is approximately 7% lower than the national average."

Statistic 18

"The average entertainment/recreation cost per person is around $1,000 annually."

Statistic 19

"Louisiana’s average utility costs are approximately $136 per month."

Statistic 20

"Louisiana residents spend about 13.2% of their annual income on housing."

In conclusion, the average cost of living in Louisiana is relatively lower than the national average, making it an attractive option for residents looking to stretch their dollars. While certain expenses such as healthcare, childcare, and housing have sizable impacts on individuals’ budgets, the overall affordability of groceries, utilities, transportation, and entertainment help to balance out the cost of living in the state. With a slightly below-average cost of living index, Louisiana presents an opportunity for residents to enjoy a comfortable lifestyle without breaking the bank, despite challenges posed by factors like property taxes and poverty rates.