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Everyone wants a home that mixes affordability with comfort and Louisiana does this very well. Families love the Pelican State's beaches, midlands, and mountains as tourists before moving here and calling it home.
But before you decide to relocate, you have to do some research into the exact cost of living around the state -- and that's how we're going to help you.
These are the places in Louisiana that cost a pretty penny -- the most expensive cities in the state.
After we saved up for months and could finally afford it, we landed on this list of the ten most expensive cities in Louisiana for 2020.
So where is the most expensive place to live in Louisiana? That would be New Orleans.
the 2014-2018 American Community Survey for the 62 places in Louisiana with more than 5,000 people.
What's the most expensive place to live in Louisiana? Well, HomeSnacks crunched the numbers and discovered that New Orleans is the most expensive place to live in Louisiana.
So hopefully Abbeville (the cheapest place to live in Louisiana) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.
And if you already knew these places were expensive, check out some more reading about Louisiana and the most expensive cities in the country:
The 10 Most Expensive Places To Live In Louisiana For 2020
New Orleans ) is a major United States port and the largest city and metropolitan area in the state of Louisiana.
The median income in New Orleans comes in at $39,576 and the median home value is $219,600 for 2020.
Natchitoches is a small city and the parish seat of Natchitoches Parish, Louisiana, United States. Established in 1714 by Louis Juchereau de St. Denis as part of French Louisiana, the community was named after the indigenous Natchitoches people.
The median income in Natchitoches comes in at $21,854 and the median home value is $156,000 for 2020.
Ruston is a small city and the parish seat of Lincoln Parish, Louisiana, United States. it is the largest city in the Eastern Ark-La-Tex region. As of the 2010 United States Census, the population was 21,859, reflecting an increase of 6.4 percent from the count of 20,546 counted in the 2000 Census. Ruston is near the eastern border of the Ark-La-Tex region and is the home of Louisiana Tech University. Its economy is therefore based on its college population. Ruston hosts the annual Peach Festival.
The median income in Ruston comes in at $30,119 and the median home value is $168,600 for 2020.
Baton Rouge ) is the capital of the U.S. state of Louisiana and its second-largest city. It forms the parish seat of East Baton Rouge Parish and is located on the eastern bank of the Mississippi River.
The median income in Baton Rouge comes in at $41,761 and the median home value is $169,200 for 2020.
Westwego is a city in Jefferson Parish, Louisiana, United States, and a suburb of New Orleans. The population was 8,534 at the 2010 census. It lies along the west bank of the Mississippi River.
The median income in Westwego comes in at $29,854 and the median home value is $125,500 for 2020.
Thibodaux is a city in and the parish seat of Lafourche Parish, Louisiana, United States, along the banks of Bayou Lafourche in the northwestern part of the parish. The population was 14,567 at the 2010 census. Thibodaux is a principal city of the Houma-Bayou Cane-Thibodaux Metropolitan Statistical Area.
The median income in Thibodaux comes in at $34,375 and the median home value is $152,500 for 2020.
Monroe is the eighth-largest city in the U.S. state of Louisiana. It is the parish seat of Ouachita Parish. In the official 2010 census, Monroe had a population of 48,815. The municipal population declined by 8.1 percent over the past decade; it was 53,107 in the 2000 census. After a recheck in 2012, the Census Bureau changed the 2010 population from 48,815 to 49,147. Mayor Jamie Mayo, however, maintains that the Monroe population is more than 50,000 and indicated that he will pursue a continued challenge to the count.
The median income in Monroe comes in at $30,009 and the median home value is $142,600 for 2020.
Donaldsonville is a small city in and the parish seat of Ascension Parish in south Louisiana, United States, located along the River Road of the west bank of the Mississippi River. The population was 7,436 at the 2010 census, a decrease of more than 150 from the 7,605 tabulation in 2000. Donaldsonville is part of the Baton Rouge Metropolitan Statistical Area.
The median income in Donaldsonville comes in at $22,716 and the median home value is $110,800 for 2020.
Plaquemine is a city in and the parish seat of Iberville Parish, Louisiana, United States. The population was 7,064 at the 2000 census. It is part of the Baton Rouge Metropolitan Statistical Area.
The median income in Plaquemine comes in at $41,185 and the median home value is $156,300 for 2020.
The median income in Grambling comes in at $24,505 and the median home value is $109,700 for 2020.
How We Determined The Most Expensive Places To Live In The Pelican State For 2020
The two most important things to think about when it comes to being able to afford if you can live comes down to:
- How much do money do I make?
- How much do I have spend to live there?
You need to understand your costs in the context of how much money you make.
For example, if the median household earns $100,000 and spends $40,000 on housing it's actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.
With that example in mind, we derived several statistics from the latest Census American Community Survey 2014-2018 around incomes and costs. They are:
- Median Home Price / Median Income (lower is better)
- Median Income / Median Rent (Higher is better)
- Median Home Price
We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).
You can then compare these metrics in each of the places in Louisiana to figure out which is the most expensive.
What you are left with is a "Cost of Living Index" by taking the average rank of each of these metrics for each city.
So we used that cost of living index in order to rank all of the 62 places in Louisiana that have more than 5,000 people.
The place with the highest cost of living in Louisiana according to the data is New Orleans. You can download the data here.
Taking A Chunk Out Of Your Paycheck In Louisiana For 2020
Well there you have it, the places in Louisiana that have the highest cost of living, with New Orleans ranking as the most expensive city in the Pelican State.
Here's a look at the most affordable cities in Louisiana according to the data:
For more Louisiana reading, check out:
- 10 Best Places To Live In Louisiana
- These Are The 10 Best Counties To Live In Louisiana
- 10 Cheapest Places To Live In Louisiana
- 10 Best Places To Raise A Family In Louisiana
- These Are The 10 Best Places To Retire In Louisiana
- These Are The 10 Richest Cities In Louisiana
- 10 Safest Places In Louisiana
Detailed List Of The Most Expensive Cities In Louisiana