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 2019.
So where is the most expensive place to live in Louisiana? That would be New Orleans.
So hopefully Franklin (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 2019
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 $38,721 and the median home value is $205,000 for 2019.
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 $27,411 and the median home value is $169,400 for 2019.
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 $21,579 and the median home value is $150,800 for 2019.
Breaux Bridge is a small city in St. Martin Parish, Louisiana, United States. The population is 8,139 as of the 2010 census, up from 7,281 at the 2000 census. It is part of the Lafayette Metropolitan Statistical Area.
The median income in Breaux Bridge comes in at $36,743 and the median home value is $169,300 for 2019.
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 $29,014 and the median home value is $143,200 for 2019.
Gretna is the second-largest city and parish seat of Jefferson Parish, Louisiana, United States. Gretna is on the west bank of the Mississippi River, just east and across the river from uptown New Orleans. It is part of the New Orleans-Metairie-Kenner Metropolitan Statistical Area. The population was 17,736 at the 2010 census.
The median income in Gretna comes in at $41,260 and the median home value is $167,200 for 2019.
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 $40,948 and the median home value is $162,600 for 2019.
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 $35,146 and the median home value is $148,500 for 2019.
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 $32,318 and the median home value is $125,600 for 2019.
Opelousas is a small city in and the parish seat of St. Landry Parish, Louisiana, United States. It lies at the junction of Interstate 49 and U.S. Route 190. The population was 22,860 at the 2000 census. Although the 2006 population estimate was 23,222, a 2004 annexation should have put the city’s population above 25,000. In the 2010 census, however, the population shrank to 16,634. Opelousas is the principal city for the Opelousas-Eunice Micropolitan Statistical Area, which had an estimated population of 92,178 in 2008. Opelousas is also the third largest city in the Lafayette-Acadiana Combined Statistical Area, which has a population of 537,947.
The median income in Opelousas comes in at $20,005 and the median home value is $94,100 for 2019.
How We Determined The Most Expensive Places To Live In The Pelican State For 2019
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 2013-2017 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 63 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.
Taking A Chunk Out Of Your Paycheck In Louisiana For 2019
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:
- 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