Elmwood 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.
IndexElmwoodLouisianaNational
Cost of living index9691100
IndexElmwoodLouisianaNational
Goods & Services index9397100
Groceries index9897100
Health care index9995100
Housing index10582100
Transportation index8694100
Utilities index8488100
Displayed above is a general overview of the Elmwood, LA cost of living index. The overall cost of living index in Elmwood, LA is 96, which is 5% higher than the Louisiana average and 4% 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 Elmwood, LA are 4% lower than the Louisiana average and 7% lower than the national average.

Did you know?

  • The cost of living in Elmwood is 5% higher than the Louisiana average.
  • The cost of living in Elmwood is 4% lower than the national average.
  • The cost of housing in Elmwood is 5% higher than the national average.
  • Louisiana general sales tax is 21% lower than the national average.
  • Louisiana state income tax is 10% lower than the national average.

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Compare Elmwood, LA Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Elmwood, LA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Elmwood, LA, you have to earn a higher income in order to still have the same standard of living. To operate the Elmwood, LA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$73,750$6,146$1,721$2,213
Renters$57,292$4,774$1,337$1,719
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Elmwood, LA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Elmwood, LA has a median income of about $73,750 for people who own homes. Based on that number, a person should spend a maximum of $1,721 on expenses related to housing. Renters have a slightly different median income, which is $57,292. Based on this average, renters should spend no more than $1,337 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Louisiana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Louisiana4%11%

Louisiana Income Tax

StateIncome Tax (Low)Income Tax (High)
Louisiana2%6%
When considering the overall cost of living expenses in Elmwood, LA, it's important to take into account the sales tax for Louisiana, as well as the rate for income tax in Louisiana. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Louisiana is 11%, and the sales tax in the state of Louisiana is 4%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Louisiana starts from 2% and goes up to 6%.

Goods & Services

ItemElmwoodNational avg.Difference
Haircut $13.33$14.598.7%
Beauty Salon $35.00$34.680.9%
Toothpaste $2.05$2.4717.1%
Shampoo $0.92$1.0210.0%
Movie $10.60$9.877.4%
Bowling $8.00$4.3982.2%

Groceries

ItemElmwoodNational avg.Difference
Ground Beef $4.23$4.485.5%
Fried Chicken $1.32$1.469.8%
Milk $2.63$2.3611.6%
Potatoes $3.65$3.0619.2%
Pizza $8.99$9.242.7%
Beer $7.58$8.6312.2%

Health Care

ItemElmwoodNational avg.Difference
Optometrist $75.67$99.7824.2%
Doctor $81.90$105.0322.0%
Dentist $97.50$88.709.9%
Ibuprofen $10.62$9.4112.8%
Lipitor $323.59$298.508.4%

Housing

ItemElmwoodNational avg.Difference
Home Price $174,400.00$175,700.000.7%
Avg. Mortgage Payment $1,015.20$1,081.036.1%
Apartment Rent $1,075.00$920.0016.8%

Transportation

ItemElmwoodNational avg.Difference
Gasoline $1.82$2.0913.2%
Tire Balancing $38.32$45.2915.4%

Utilities

ItemElmwoodNational avg.Difference
All Electricity$125.82$170.8026.3%
Phone $28.01$28.260.9%
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, StatePopulationCost of Living IndexNational Avg.
Pleasure Bend, LA33279-21%
Bridge City, LA7,16384-16%
New Sarpy, LA1,47285-15%
Avondale, LA5,26286-14%
Westwego, LA8,53187-13%
Elmwood, LA4,75896-4%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hudson, TX4,75888-12%
Salisbury, MA4,75713030%
Winchester, IN4,76074-26%
Angier, NC4,76093-7%
Fruitland, ID4,76190-10%
Elmwood, LA4,75896-4%
Source: The Elmwood, LA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.