Bunkie, LA Cost Of Living

Bunkie cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Bunkie	Louisiana	National
Cost of living index	83	92	100
Index	Bunkie	Louisiana	National
Goods & Services index	97	97	100
Groceries index	94	98	100
Health care index	110	97	100
Housing index	51	81	100
Transportation index	98	97	100
Utilities index	87	94	100

Displayed above is a general overview of the Bunkie, LA cost of living index. The overall cost of living index in Bunkie, LA is 83, which is 10% lower than the Louisiana average and 17% 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 Bunkie, LA are equal to the Louisiana average and 3% lower than the national average.

Did you know?

The cost of living in Bunkie is 10% lower than the Louisiana average.
The cost of living in Bunkie is 17% lower than the national average.
The cost of housing in Bunkie is 49% lower than the national average.
Louisiana general sales tax is 2% lower than the national average.
Louisiana state income tax is 10% lower than the national average.

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current income in Bunkie, LA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Bunkie, LA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Bunkie, LA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$33,203	$2,767	$775	$996
Renters	$20,016	$1,668	$467	$601

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Bunkie, LA as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Bunkie, LA homeowners, is $33,203. This would allow for a maximum of $775 per month to be spent on housing costs. For renters, the median monthly income is $20,016 which would result in a maximum of $467 to be spent on rental costs.

Louisiana Sales Tax

State	General Sales Tax	With Max Surtax
Louisiana	5%	12%

Louisiana Income Tax

State	Income Tax (Low)	Income Tax (High)
Louisiana	2%	6%

For those who live in Bunkie, LA and want to know what the true cost of living is, they ought to look at both the Louisiana income tax rate and the Louisiana sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Louisiana, the sales tax is 5%, while the most you'll pay in surtax is 12%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Louisiana, the income tax rate ranges between 2% to 6%.

Goods & Services

Item	Bunkie	National avg.	Difference
Haircut	$13.00	$16.09	19.2%
Beauty Salon	$28.67	$37.33	23.2%
Toothpaste	$1.97	$2.45	19.6%
Shampoo	$0.93	$1.00	7.1%
Movie	$8.75	$10.28	14.9%
Bowling	$4.96	$4.93	0.6%

Groceries

Item	Bunkie	National avg.	Difference
Ground Beef	$3.86	$3.80	1.6%
Fried Chicken	$1.26	$1.40	9.8%
Milk	$2.08	$2.01	3.4%
Potatoes	$2.72	$3.01	9.5%
Pizza	$12.66	$9.89	28.0%
Beer	$10.72	$8.90	20.5%

Health Care

Item	Bunkie	National avg.	Difference
Optometrist	$95.42	$102.16	6.6%
Doctor	$122.00	$108.36	12.6%
Dentist	$109.67	$92.53	18.5%
Ibuprofen	$9.03	$9.28	2.6%
Lipitor	$434.55	$425.82	2.0%

Housing

Item	Bunkie	National avg.	Difference
Home Price	$80,300.00	$184,700.00	56.5%
Avg. Mortgage Payment	$1,147.56	$1,202.44	4.6%
Apartment Rent	$659.00	$949.00	30.6%

Transportation

Item	Bunkie	National avg.	Difference
Gasoline	$2.09	$2.24	7.1%
Tire Balancing	$50.22	$46.29	8.5%

Utilities

Item	Bunkie	National avg.	Difference
All Electricity	$170.32	$165.96	2.6%
Phone	$19.99	$28.68	30.3%

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.

Nearby cities with low cost of living

City, State	Population	Cost of Living Index	National Avg.
Fifth Ward, LA	683	78	-22%
Lecompte, LA	904	80	-20%
Cheneyville, LA	548	80	-20%
Evergreen, LA	281	82	-18%
Pine Prairie, LA	1,242	83	-17%
Bunkie, LA	4,083	83	-17%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Indian River Shores, FL	4,082	166	66%
Fleetwood, PA	4,084	98	-2%
Lorane, PA	4,082	104	4%
North River Shores, FL	4,084	102	2%
Cannon Falls, MN	4,085	98	-2%
Bunkie, LA	4,083	83	-17%

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

Bunkie, LA Cost of Living