Morgan City 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.
IndexMorgan CityLouisianaNational
Cost of living index8992100
IndexMorgan CityLouisianaNational
Goods & Services index10699100
Groceries index9696100
Health care index11497100
Housing index6782100
Transportation index9195100
Utilities index8391100
A general summary of the cost of living index in Morgan City, LA is shown above. Compared to the state average of Louisiana the cost of living index in Morgan City, LA is 89, which is 3% lower than the average in Louisiana and compared to the national average it is 11% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Morgan City, LA goods and services come in at 7% higher than the average in Louisiana and are 6% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Morgan City is 3% lower than the Louisiana average.
  • The cost of living in Morgan City is 11% lower than the national average.
  • The cost of housing in Morgan City is 33% 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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Salary Calculator

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The salary calculator is meant to help you compare your salary in Morgan City, 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 Morgan City, LA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Morgan City, 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$51,553$4,296$1,203$1,547
Renters$28,039$2,337$654$841
The affordability of the housing market in Morgan City, LA as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Morgan City, LA homeowners, the median income is $51,553. This indicates that a monthly maximum of $1,203 should be spent by homeowners on all housing related costs. Renters have a median income of $28,039. This indicates that renters should have a maximum of $654 used for their rent related monthly 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 Morgan City, 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

ItemMorgan CityNational 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

ItemMorgan CityNational 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

ItemMorgan CityNational 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

ItemMorgan CityNational avg.Difference
Home Price $113,300.00$175,700.0035.5%
Avg. Mortgage Payment $1,015.66$1,133.2310.4%
Apartment Rent $666.00$920.0027.6%

Transportation

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

Utilities

ItemMorgan CityNational 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.
Siracusaville, LA60276-24%
Bayou L'Ourse, LA1,37582-18%
Amelia, LA2,29082-18%
Supreme, LA90385-15%
Berwick, LA4,85787-13%
Morgan City, LA12,15389-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lumberton, TX12,15393-7%
Salisbury, NY12,15415555%
Palmer Town, MA12,15511313%
Greensburg, IN12,16082-18%
Andrews, TX12,16085-15%
Morgan City, LA12,15389-11%
Source: The Morgan City, LA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.