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: $242,000
- 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 Shreveport is a financially viable option for your relocation.