New Iberia, LA Cost Of Living
Cost Of Living In New Iberia, LA Summary
Cost of living in New Iberia research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means New Iberia is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Louisiana, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in New Iberia is 87, with 100 being the average.
The cost of living index in New Iberia is 0.9x lower than the national average.
New Iberia ranks as the #31 cheapest in Louisiana out of 109.
New Iberia ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in New Iberia is $123,700.
The median income in New Iberia is $43,734.
Table Of Contents
New Iberia's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in New Iberia, LA?
According to the most recent data on the cost of living, New Iberia has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Louisiana, New Iberia has a cost of living index that's 0.9x lower than Louisiana's index of 92.
The standard of living in New Iberia ranks as #31 most affordable out of the 109 places we measured in Louisiana. By definition, that implies New Iberia ranks as the #78 most expensive place in the Pelican State.
For more reading on life in New Iberia, check out:
- Living In New Iberia
- Search Homes For Sale In New Iberia, LA
In Louisiana
In America
New Iberia Cost Of Living Vs. Louisiana
Six factors go into calculating the cost of living index in New Iberia. Here is how it fairs on each of the criteria:
The Services index in New Iberia is 99.
The Groceries index in New Iberia is 103.
The Health index in New Iberia is 93.
The Housing index in New Iberia is 63.
The Transportation index in New Iberia is 101.
The Utilities index in New Iberia is 89.
| Living Expense | New Iberia | Louisiana | National Average | |
|---|---|---|---|---|
| Overall | 87 | 92 | 100 | |
| Services | 99 | 96 | 100 | |
| Groceries | 103 | 96 | 100 | |
| Health | 93 | 99 | 100 | |
| Housing | 63 | 83 | 100 | |
| Transportation | 101 | 96 | 100 | |
| Utilities | 89 | 86 | 100 | |
New Iberia, LA Housing Cost Breakdown
Housing swings affordability the most between places in Louisiana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in New Iberia is $123,700.
The Median Rent in New Iberia is $792.
The Median Income in New Iberia is $43,734.
The Home Value To Income in New Iberia is 2.8x.
The Rent To Monthly Income in New Iberia is 0.22x.
| Statistic | New Iberia | Louisiana | United States |
|---|---|---|---|
| Median Home Value | $123,700 | $174,000 | $244,900 |
| Median Rent | $792 | $923 | $1,163 |
| Median Income | $43,734 | $53,571 | $69,021 |
| Home Value To Income | 2.8x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.21x | 0.2x |
Median Home Value
Median Rent
Median Income
New Iberia, LA Costs By Category
Detailed New Iberia Services Costs Vs. Louisiana
| Item | New Iberia | Louisiana |
|---|---|---|
| Shampoo | $1.14 | $1.06 |
| Movie | $10.12 | $10.68 |
| Bowling | $18.2 | $14.67 |
| Haircut | $23.37 | $18.62 |
| Beauty Salon | $40.73 | $39.05 |
Detailed New Iberia Groceries Costs Vs. Louisiana
| Item | New Iberia | Louisiana |
|---|---|---|
| Ground Beef | $4.29 | $4.22 |
| Fried Chicken | $1.16 | $1.39 |
| Milk | $2.19 | $2.05 |
| Potatoes | $3.78 | $3.29 |
| Pizza | $10.24 | $10.62 |
| Beer | $9.23 | $9.38 |
| Toothpaste | $2.22 | $2.34 |
Detailed New Iberia Health Costs Vs. Louisiana
| Item | New Iberia | Louisiana |
|---|---|---|
| Optometrist | $103.22 | $108.57 |
| Doctor | $113.42 | $116.17 |
| Dentist | $79.6 | $99.13 |
Detailed New Iberia Transportation Costs Vs. Louisiana
| Item | New Iberia | Louisiana |
|---|---|---|
| Gasoline | $1.92 | $2.22 |
| Tire Balancing | $64.79 | $50.07 |
Detailed New Iberia Utilities Costs Vs. Louisiana
| Item | New Iberia | Louisiana |
|---|---|---|
| All Electricity | $141.28 | $167.67 |
| Phone | $180.19 | $175.64 |
New Iberia SnackAbility
/10
Cost Of Living In Cities Around New Iberia
The cost of living varies in the cities and towns around New Iberia. Here's a quick look at the cost of living in the most populous nearby places:
Lafayette, LA has a cost of living index of 95, 1.1x New Iberia.
Youngsville, LA has a cost of living index of 105, 1.2x New Iberia.
Broussard, LA has a cost of living index of 96, 1.1x New Iberia.
| City | Population | Cost Of Living | Vs. New Iberia |
|---|---|---|---|
| Lafayette, LA | 122,469 | 95 | 1.1x |
| Youngsville, LA | 15,167 | 105 | 1.2x |
| Broussard, LA | 12,960 | 96 | 1.1x |
| Abbeville, LA | 11,313 | 81 | 0.9x |
| Breaux Bridge, LA | 7,711 | 96 | 1.1x |
| St. Martinville, LA | 5,602 | 79 | 0.9x |
