Quick facts: Bernice, LA

Quick Facts

98.7
Cost of Living
below US average
1,319
Population
2.27
Crime Rate per 1000
below US average
$24,375
Median Income
below US average
$150,000
Median House Price
above US average
$1358
Average Rent
below US average
21%
Poverty Rate
above US average
5.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $24,375.

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Income Needed to Buy

βœ— Stretch
$47k/year
Based on $150,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $47k vs median $24,375
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Income Needed to Rent

⚠ Stretch
$58k/year
Based on $1358/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $58k vs median $24,375
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bernice, LA

Bernice is a small town located in Union Parish, Louisiana. Nestled in the northeastern part of the state, it has a charming, rural atmosphere with a population of around 1,600 residents. The town is known for its tight-knit community and a slower pace of life, making it an inviting place for those looking to escape the hustle and bustle of larger cities. Bernice offers beautiful natural surroundings, with nearby forests, lakes, and rivers that provide ample opportunities for outdoor activities such as fishing, hunting, and hiking. The town is also home to the historic Bernice Depot, which reflects its rich heritage as a former railroad town. Local events often bring the community together, and residents enjoy various recreational facilities, including parks and sports fields. Bernice is conveniently located near the larger town of Farmerville, providing residents with access to additional shopping, dining, and entertainment options. Overall, Bernice is a quaint town that embodies the charm of Louisiana’s rural communities, offering a peaceful lifestyle with friendly neighbors and scenic landscapes.

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