Quick facts: New iberia, LA

Quick Facts

98.7
Cost of Living
below US average
27,473
Population
44.84
Crime Rate per 1000
above US average
$47,108
Median Income
below US average
$135,000
Median House Price
above US average
$1133.06
Average Rent
below US average
20%
Poverty Rate
above US average
5.3%
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 $47,108.

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Income Needed to Buy

βœ“ Affordable
$42k/year
Based on $135,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($47,108) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$49k/year
Based on $1133.06/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $49k vs median $47,108
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for New iberia, LA

New Iberia, Louisiana, is a charming city located in Iberia Parish, in the heart of Acadiana, the French-speaking region of southern Louisiana. Known for its rich cultural heritage, New Iberia is famously associated with the nearby Avery Island, home of the Tabasco sauce factory. The city features beautiful bayous, historic plantation homes, and vibrant Cajun and Creole traditions. Visitors can explore the Shadows-on-the-Teche, a historic plantation mansion that offers a glimpse into antebellum life. The city also hosts the Bayou Teche area, perfect for fishing, kayaking, and enjoying scenic views. New Iberia is renowned for its vibrant festivals, including the yearly Louisiana Seafood and Festival, celebrating the region's culinary delights and music. With a small-town atmosphere and friendly locals, New Iberia boasts a growing arts scene, unique shops, and local cuisine that cannot be missed. Residents take pride in their Cajun roots, making it an ideal destination for those looking to experience authentic Louisiana culture.

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