Cost of Living in Lake providence, LA
Housing
The housing market plays a significant role in determining the cost of living in Lake providence, LA.
- Housing Index: 110.0 / 100
- Median Home Price is: $116,000
- Average Rent (2 BR Apartment): $960 per month
- Average Rent (2 BR House): $1024 per month
Considering moving to Lake providence, LA? The area's housing index of 110.0 indicates that it is slightly above the national average, which could impact affordability. With a median home price of 116000, prospective homeowners might find better deals compared to pricier metropolitan areas. Renting remains a viable option, with average rents for a 2-bedroom apartment at 960 and a house at 1024. The balance between renting and buying suggests a flexible living situation. Researching the local job market and amenities will further aid your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lake providence, LA.
- Electricity Price: $11.42 USD (median by state)
- Natural Gas Price: $19.48 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Lake providence, LA could entail higher utility costs. Electricity costs sit at $11.42, while natural gas is priced at $19.48 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Lake providence is a financially viable option for your relocation.