Cost of Living in West monroe, LA

Housing

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

• Housing Index: 85.0 / 100
• Median Home Price is: $187500
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1360 per month

When considering a move to West monroe, LA, the housing market appears quite appealing. With a housing index of 85.0, it suggests a cost-effective environment compared to the national average. The median home price of 187500 reflects a more affordable option for potential homebuyers, making homeownership accessible. For those preferring to rent, the average rent for a 2-bedroom apartment stands at 1200 and for a house at 1360, which are reasonable in today’s market. This could be a great opportunity for both living arrangements as the region continues to grow.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in West monroe, 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.): $200 per month

Living in West monroe, 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 200 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: 90.5

Median Income

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

• Median Income: $47129

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 West monroe, 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.