Houma 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.
IndexHoumaLouisianaNational
Cost of living index9392100
IndexHoumaLouisianaNational
Goods & Services index9799100
Groceries index9796100
Health care index8997100
Housing index8482100
Transportation index10695100
Utilities index8791100
An overview of the general cost of living index for Houma, LA is displayed above for your reference. Residents in Houma, LA enjoy a cost of living index of 93. This index is 1% higher than the Louisiana average, and 7% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Houma, LA, the average cost of goods and services is 2% lower than it is in Louisiana, and it is 3% lower than the national average.

Did you know?

  • The cost of living in Houma is 1% higher than the Louisiana average.
  • The cost of living in Houma is 7% lower than the national average.
  • The cost of housing in Houma is 16% lower 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.

Find Real Estate Listings In Houma

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Houma

Compare Houma, LA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
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 salary in Houma, 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 Houma, LA, then you would need to earn more income in order to maintain the same standard of living. To use the Houma, 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

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$59,606$4,967$1,391$1,788
Renters$28,725$2,394$670$862
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Houma, LA, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Houma, LA homeowners have a median income of $59,606. Using that number, you will come up with a maximum of $1,391 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $28,725, which means there is a maximum of $670 to be spent on the costs of renting a home or apartment.

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 Houma, 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

ItemHoumaNational avg.Difference
Haircut $15.88$15.562.0%
Beauty Salon $37.33$36.113.4%
Toothpaste $2.44$2.471.3%
Shampoo $0.98$0.961.6%
Movie $10.61$10.134.7%
Bowling $7.13$4.7450.6%

Groceries

ItemHoumaNational avg.Difference
Ground Beef $4.10$3.982.9%
Fried Chicken $1.02$1.4127.3%
Milk $2.42$2.0617.4%
Potatoes $3.00$2.980.5%
Pizza $8.33$9.4712.1%
Beer $8.34$8.795.1%

Health Care

ItemHoumaNational avg.Difference
Optometrist $92.22$101.048.7%
Doctor $78.17$107.4427.2%
Dentist $75.56$90.4216.4%
Ibuprofen $10.68$9.2815.1%
Lipitor $454.14$426.506.5%

Housing

ItemHoumaNational avg.Difference
Home Price $150,100.00$175,700.0014.6%
Avg. Mortgage Payment $1,086.36$1,133.234.1%
Apartment Rent $753.00$920.0018.2%

Transportation

ItemHoumaNational avg.Difference
Gasoline $1.82$1.998.9%
Tire Balancing $64.02$45.7639.9%

Utilities

ItemHoumaNational avg.Difference
All Electricity$130.31$163.8120.5%
Phone $28.00$28.391.4%
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.
Dulac, LA1,11679-21%
Montegut, LA1,44681-19%
Chauvin, LA3,22085-15%
Gray, LA5,20286-14%
Lockport Heights, LA1,07487-13%
Houma, LA33,80793-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Randallstown, MD33,81511212%
Gahanna, OH33,78699-1%
Oregon City, OR33,83411717%
Pleasant Hill, CA33,84216060%
Dana Point, CA33,86118181%
Houma, LA33,80793-7%
Source: The Houma, LA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.