Brownfields cost of living index

Displayed above is a general overview of the Brownfields, LA cost of living index. The overall cost of living index in Brownfields, LA is 92, which is equal to the Louisiana average and 8% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Brownfields, LA are 5% higher than the Louisiana average and 1% higher than the national average.

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Salary Calculator

Use the salary calculator to compare your current salary in Brownfields, LA to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Brownfields, LA, then you would need to earn more income in order to maintain the same standard of living. To use the Brownfields, LA salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

One can approximate the cost of living and the housing affordability in Brownfields, LA by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Brownfields, LA have a median income of $57,933. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,352 per month to avoid calamity and poverty. The renters in the city have an income of about $23,750, which would make their monthly maximum allowable rental costs $554.

Louisiana Sales Tax

Louisiana Income Tax

When assessing the complete cost of living in Brownfields, LA, the Louisiana income tax and the Louisiana sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Louisiana maximum surtax is 12%, and the Louisiana sales tax is 5%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2% to 6% in Louisiana.

Goods & Services

Groceries

Health Care

Housing

Transportation

Utilities

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

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Source: The Brownfields, LA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.