Quick facts: Independence, LA

Quick Facts

98.7
Cost of Living
below US average
1,644
Population
51.7
Crime Rate per 1000
above US average
$41,071
Median Income
below US average
$114,500
Median House Price
above US average
$1606.25
Average Rent
above US average
23%
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 $41,071.

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Income Needed to Buy

βœ“ Affordable
$36k/year
Based on $114,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($41,071) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$69k/year
Based on $1606.25/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $69k vs median $41,071
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Independence, LA

Independence, Louisiana, is a small town located in Tangipahoa Parish, approximately an hour's drive from New Orleans. With a population of around 3,000 residents, it offers a tight-knit community vibe combined with the charm of southern Louisiana. The town is situated along the historic New Orleans and Northeastern Railroad, which played a significant role in its development. Independence features a blend of historic architecture, local shops, and vibrant community events. Its location near the Tangipahoa River provides ample opportunities for outdoor activities such as fishing, boating, and hiking. The area’s rich agricultural roots are evident, and visitors can find local produce and crafts at nearby farmers' markets. Local attractions include the nearby Ponchatoula, known for its strawberry festival, and the scenic Lake Pontchartrain, offering recreational activities. The town is ideal for those seeking a slower-paced lifestyle with easy access to larger urban amenities in nearby Hammond and the cultural richness of New Orleans. Overall, Independence serves as a peaceful retreat while being close enough to enjoy the excitement of Louisiana's bigger cities.

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