Quick facts: Rayville, LA

Quick Facts

98.7
Cost of Living
below US average
3,695
Population
40.6
Crime Rate per 1000
above US average
$45,000
Median Income
below US average
$405,000
Median House Price
above US average
$1740.2
Average Rent
above US average
12%
Poverty Rate
above US average
5.0%
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 $45,000.

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Income Needed to Buy

βœ— Stretch
$127k/year
Based on $405,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $127k vs median $45,000
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Income Needed to Rent

⚠ Stretch
$75k/year
Based on $1740.2/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $75k vs median $45,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Rayville, LA

Rayville, Louisiana, is a small town located in Richland Parish in the northeastern part of the state. With a population of around 1,300 residents, Rayville offers a tight-knit community atmosphere typical of small towns in Louisiana. Its location along U.S. Route 80 provides access to larger metropolitan areas, making it convenient for residents seeking a blend of rural charm and urban proximity. Rayville is known for its rich history and cultural significance, highlighted by its annual events and festivals that celebrate local traditions. The town's economy is primarily based on agriculture, with nearby farmland contributing to the local economy, including cotton and soybeans farming. Outdoor enthusiasts can enjoy the natural beauty of the area, with nearby fishing and hunting opportunities. Rayville is also home to several parks and recreational facilities, providing space for community gatherings and family activities. For education, the town is served by the Richland Parish School District, with a few local schools catering to the educational needs of its youth. Overall, Rayville, LA, embodies the quintessential small-town experience with its friendly community, local heritage, and access to the scenic Louisiana countryside.

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