Quick facts: Rayne, LA

Quick Facts

98.7
Cost of Living
below US average
7,040
Population
9.23
Crime Rate per 1000
below US average
$34,725
Median Income
below US average
$175,000
Median House Price
above US average
$1300.0
Average Rent
below US average
24%
Poverty Rate
above US average
4.5%
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 $34,725.

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Income Needed to Buy

βœ— Stretch
$55k/year
Based on $175,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $55k vs median $34,725
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Income Needed to Rent

⚠ Stretch
$56k/year
Based on $1300.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $56k vs median $34,725
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Rayne, LA

Rayne is a charming city located in Acadia Parish, Louisiana. Known as the "Frog Capital of the World," it hosts the annual Rayne Frog Festival, celebrating the local culture and heritage. The city has a rich history, with features including historic buildings and quaint shops. Rayne is well-known for its picturesque landscapes, including gardens and parks, which offer residents and visitors a glimpse of southern Louisiana's natural beauty. The local economy is primarily driven by agriculture, specifically rice and frog farming. The community is small yet tight-knit, fostering a friendly atmosphere. Outdoor enthusiasts can enjoy various recreational activities, including fishing and hiking in the nearby swamps and bayous. Rayne is conveniently located along Interstate 10, providing easy access to larger cities like Lafayette and New Iberia. Despite its small size, Rayne boasts vibrant community events and a strong sense of local culture, making it a unique spot in Louisiana. With its warm climate and welcoming people, Rayne is an appealing destination for those looking to experience Southern charm.

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