Cost of Living in Mansfield, LA
Housing
The housing market plays a significant role in determining the cost of living in Mansfield, LA.
- Housing Index: 85.0 / 100
- Median Home Price is: $117,000
- Average Rent (2 BR Apartment): $1440 per month
- Average Rent (2 BR House): $1456 per month
When considering a move to Mansfield, LA, the housing landscape presents a balanced picture with a housing index of 85.0. The median home price of 117000 is relatively accessible, making homeownership a feasible option. For renting, the average costs stand at 1440 for a 2-bedroom apartment and 1456 for a 2-bedroom house, which may appeal to those preferring flexibility. It’s noteworthy that a lower housing index suggests a favorable buyer's market, underscoring potential investment opportunities in real estate here.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Mansfield, 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.): $220 per month
Living in Mansfield, 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 $220 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 Mansfield is a financially viable option for your relocation.