Merrydale 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.
IndexMerrydaleLouisianaNational
Cost of living index9192100
IndexMerrydaleLouisianaNational
Goods & Services index10699100
Groceries index9696100
Health care index11497100
Housing index7382100
Transportation index9195100
Utilities index8391100
Here we can see a simple outline of the cost of living in Merrydale, LA. As you can see, with the average cost of living in Merrydale, LA being 91, that puts it 1% lower than the average of Louisiana and 9% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Merrydale, LA, the price of goods and services are 7% higher than the average of Louisiana as well as 6% higher than the nation's average.

Did you know?

  • The cost of living in Merrydale is 1% lower than the Louisiana average.
  • The cost of living in Merrydale is 9% lower than the national average.
  • The cost of housing in Merrydale is 27% 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 Merrydale, 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 is meant to help you compare your salary in Merrydale, LA to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Merrydale, LA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Merrydale, LA salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$52,778$4,398$1,231$1,583
Renters$28,093$2,341$655$843
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 Merrydale, 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. Merrydale, LA has a median income of about $52,778 for people who own homes. Based on that number, a person should spend a maximum of $1,231 on expenses related to housing. Renters have a slightly different median income, which is $28,093. Based on this average, renters should spend no more than $655 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 Merrydale, 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

ItemMerrydaleNational avg.Difference
Haircut $19.67$15.5626.4%
Beauty Salon $41.28$36.1114.3%
Toothpaste $2.00$2.4719.0%
Shampoo $0.84$0.9612.6%
Movie $9.73$10.133.9%
Bowling $4.75$4.740.2%

Groceries

ItemMerrydaleNational avg.Difference
Ground Beef $3.75$3.985.8%
Fried Chicken $1.17$1.4117.1%
Milk $2.34$2.0613.4%
Potatoes $3.08$2.983.4%
Pizza $8.49$9.4710.3%
Beer $8.23$8.796.4%

Health Care

ItemMerrydaleNational avg.Difference
Optometrist $147.28$101.0445.8%
Doctor $136.33$107.4426.9%
Dentist $98.67$90.429.1%
Ibuprofen $9.14$9.281.5%
Lipitor $442.08$426.503.7%

Housing

ItemMerrydaleNational avg.Difference
Home Price $106,800.00$175,700.0039.2%
Avg. Mortgage Payment $1,015.66$1,133.2310.4%
Apartment Rent $947.00$920.002.9%

Transportation

ItemMerrydaleNational avg.Difference
Gasoline $1.86$1.996.6%
Tire Balancing $39.79$45.7613.0%

Utilities

ItemMerrydaleNational avg.Difference
All Electricity$133.79$163.8118.3%
Phone $24.01$28.3915.4%
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.
Plaquemine, LA7,05589-11%
Port Allen, LA5,15090-10%
Baker, LA13,83891-9%
Brownfields, LA5,56294-6%
Gardere, LA10,59494-6%
Merrydale, LA9,60191-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Inwood, NY9,60915454%
Lake Barcroft, VA9,59216565%
Sparta, WI9,61086-14%
North Bend, OR9,591100-0%
Hermantown, MN9,5881088%
Merrydale, LA9,60191-9%
Source: The Merrydale, LA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.