Marksville 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.
IndexMarksvilleLouisianaNational
Cost of living index9391100
IndexMarksvilleLouisianaNational
Goods & Services index11297100
Groceries index10097100
Health care index10895100
Housing index6882100
Transportation index10194100
Utilities index8488100
A general overview of the cost of living index for Marksville, LA is displayed above. In Marksville, LA, the overall cost of living index is 93, which is 2% higher than the Louisiana average and 7% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Marksville, LA, the city's goods and services are 16% higher than the Louisiana average and 12% higher than the U.S. average.

Did you know?

  • The cost of living in Marksville is 2% higher than the Louisiana average.
  • The cost of living in Marksville is 7% lower than the national average.
  • The cost of housing in Marksville is 32% 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.

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Compare Marksville, 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
The salary calculator allows you to compare how much your current salary in Marksville, LA would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Marksville, LA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Marksville, LA salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$31,765$2,647$741$953
Renters$20,571$1,714$480$617
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Marksville, 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 Marksville, LA homeowners, is $31,765. This would allow for a maximum of $741 per month to be spent on housing costs. For renters, the median monthly income is $20,571 which would result in a maximum of $480 to be spent on rental costs.

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 Marksville, 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

ItemMarksvilleNational avg.Difference
Haircut $11.00$14.5924.6%
Beauty Salon $30.00$34.6813.5%
Toothpaste $2.84$2.4714.8%
Shampoo $1.01$1.021.2%
Movie $9.25$9.876.3%
Bowling $4.00$4.398.9%

Groceries

ItemMarksvilleNational avg.Difference
Ground Beef $4.34$4.483.1%
Fried Chicken $1.44$1.461.6%
Milk $2.57$2.369.1%
Potatoes $3.83$3.0625.1%
Pizza $15.49$9.2467.6%
Beer $10.45$8.6321.0%

Health Care

ItemMarksvilleNational avg.Difference
Optometrist $86.50$99.7813.3%
Doctor $112.50$105.037.1%
Dentist $95.00$88.707.1%
Ibuprofen $9.86$9.414.8%
Lipitor $343.31$298.5015.0%

Housing

ItemMarksvilleNational avg.Difference
Home Price $120,900.00$175,700.0031.2%
Avg. Mortgage Payment $939.67$1,081.0313.1%
Apartment Rent $607.00$920.0034.0%

Transportation

ItemMarksvilleNational avg.Difference
Gasoline $2.07$2.091.2%
Tire Balancing $48.00$45.296.0%

Utilities

ItemMarksvilleNational avg.Difference
All Electricity$171.56$170.800.4%
Phone $17.22$28.2639.1%
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.
Fifth Ward, LA87384-16%
Cheneyville, LA49084-16%
Simmesport, LA1,84484-16%
Plaucheville, LA17486-14%
Evergreen, LA30386-14%
Marksville, LA5,63593-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
James City, NC5,63598-2%
Carterville, IL5,63588-12%
Morris Plains, NJ5,63515050%
Portland, CT5,63412323%
Vinita, OK5,63779-21%
Marksville, LA5,63593-7%
Source: The Marksville, LA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.