Cost of Living in Shreveport, LA

Housing

The housing market plays a significant role in determining the cost of living in Shreveport, LA.

• Housing Index: 95.0 / 100
• Median Home Price is: $242000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1240 per month

When considering a move to Shreveport, LA, the housing index of 95.0 suggests a slightly accommodating market for homebuyers and renters alike. The median home price of 242000 indicates an accessible entry point for potential homeowners. Furthermore, the average rent for a 2-bedroom apartment is 1200, whilst a 2-bedroom house averages at 1240. This reflects the dynamics of housing availability and could inform your budget planning. Moreover, staying ahead of market trends is crucial, as housing conditions can change rapidly post-2023.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Shreveport, LA.

• Electricity Price: 11.42 USD (median by state)
• Natural Gas Price: $19.48 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in Shreveport, LA could entail higher utility costs. Electricity costs sit at 11.42, while natural gas is priced at 19.48 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 102.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $45967

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Shreveport, LA, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.