17.
MERIC derives the cost of living index for each state by averaging the indices of participating cities and metropolitan areas in that state.
2022 First Quarter Cost of Living.
| Rank | 1 | 17 |
|---|---|---|
| State | Mississippi | Louisiana |
| Index | 83.1 | 93.3 |
| Grocery | 92.3 | 96.9 |
| Housing | 63.8 | 86.8 |
Is it expensive to live in Louisiana?
The cost of living in Louisiana is 7% lower than the national average. Housing is 12% lower than the national average, while utilities are 14% lower. When it comes to basic necessities such as food and clothing, groceries are around 2% lower than in the rest of the country, while clothing costs 2% lower.
Is it cheaper to live in Louisiana or Texas?
Louisiana is 0.3% cheaper than Texas.
Is cost of living cheap in Louisiana?
Living in Louisiana is less expensive than it is on average across the U.S. as a whole. According to data from the Bureau of Economic Analysis, goods and services in the state cost 10.9% less than they do on average nationwide. Compared with all other states, Louisiana has the 10th lowest overall cost of living.
What are the top 10 states for cost of living?
Here are the 10 states with the highest cost index:
- California (142.2)
- Massachusetts (135)
- Oregon (130.1)
- Alaska (127.1)
- Maryland (124)
- Connecticut (121.6)
- Rhode Island (117.2)
- Vermont (117)
What is a good salary in Louisiana?
Average Salary in Louisiana
| Annual Salary | Weekly Pay | |
|---|---|---|
| Top Earners | $77,928 | $1,498 |
| 75th Percentile | $58,446 | $1,123 |
| Average | $49,625 | $954 |
| 25th Percentile | $38,574 | $741 |
Is Louisiana a good state to move to?
Louisiana is a great place to live because of its vibrant culture, low cost of living, and comfortable weather all year long.
Which state has lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
Where is the cheapest state to live?
Mississippi
Mississippi is the cheapest state to live in in the United States. Overall, costs in the state are 17% lower than the national average. Housing costs in Mississippi are the lowest in the nation.
What is the least affordable state to live in?
Florida
Florida Has Become The US’ Least Affordable State & Here’s The Salary You Need To Live Here. It’s not all sunshine in Florida.
How much money do you need to live comfortably in Louisiana?
Typical Expenses
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Required annual income after taxes | $27,557 | $75,554 |
| Annual taxes | $6,029 | $18,829 |
| Required annual income before taxes | $33,585 | $94,383 |
What is the cheapest town in Louisiana to live in?
2021 Study: Most Affordable Places to Live in Louisiana
| Rank | City, State | Affordability Index |
|---|---|---|
| 1 | Galliano, LA | 55.15 |
| 2 | Franklin, LA | 49.09 |
| 3 | Carlyss, LA | 47.97 |
| 4 | Schriever, LA | 47.31 |
Is food expensive in Louisiana?
Just as food costs are lower than average in Louisiana, so, too, are incomes. The typical family in the state earns $65,427 a year, compared to the national average of $80,069. Louisiana residents are more likely to rely on government assistance to afford groceries than the typical American.
What is the best state to live in financially?
The five best states for your personal finances in 2022 are (No. 1 being best): Tennessee.
- New Jersey.
- Hawaii.
- Connecticut.
- Alaska.
- Illinois.
What state is the most expensive to buy a house?
5 Most Expensive States to Buy a House
- Hawaii. Median Home Price: $615,300. Estimated Monthly Mortgage Payment: $2,923.36.
- 2. California. Median Home Price: $505,000. Estimated Monthly Mortgage Payment: $2,399.32.
- Oregon. Median Home Price: $312,200.
- Washington. Median Home Price: $339,000.
- Colorado. Median Home Price: $343,300.
Which state is the best for living?
Overall Rankings
- #1. Washington.
- #2. Minnesota.
- #3. Utah.
- #4. New Hampshire.
- #5. Idaho.
What is the wealthiest city in Louisiana?
Destrehan was named Louisiana’s richest town by a 24/7 Wall St. analysis that examined small communities where a majority of households exceed national median income. The town, with a population of 10,906, also ranks among the nation’s richest towns according to the analysis.
What jobs are in high demand in Louisiana?
Detailed List Of The Fastest Growing Jobs In Louisiana
| Rank | Job Title | Average Wage |
|---|---|---|
| 1 | Software Engineer | $72,270 |
| 2 | Software Developer | $74,000 |
| 3 | Home Health Aid | $19,820 |
| 4 | Physical Therapist Assistant | $46,060 |
What is considered middle class in Louisiana?
As of Jul 31, 2022, the average annual pay for the Lower Middle Class jobs category in Louisiana is $47,527 a year. Just in case you need a simple salary calculator, that works out to be approximately $22.85 an hour. This is the equivalent of $914/week or $3,961/month.
What is the safest city in Louisiana?
10 Safest Cities in Louisiana for 2022
- Harahan.
- Mandeville.
- Youngsville.
- Scott.
- Kenner.
- Zachary.
- Broussard.
- Gretna.
What should I know before moving to Louisiana?
What to Know Before Moving to Louisiana
- They Call Louisiana a Sports Paradise.
- Your Hard-Earned Income Will Stretch Farther in Louisiana.
- Hurricanes Are A Real Threat in Louisiana.
- Louisiana has a Love Affair with Great Food.
- The Schools in Louisiana Need Some Help.
- Louisiana Offers Shorts Weather All Year Long.