New Roads 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.
IndexNew RoadsLouisianaNational
Cost of living index9091100
IndexNew RoadsLouisianaNational
Goods & Services index9797100
Groceries index9997100
Health care index10195100
Housing index8182100
Transportation index8594100
Utilities index8388100
An overview of the general cost of living index for New Roads, LA is displayed above for your reference. Residents in New Roads, LA enjoy a cost of living index of 90. This index is 1% lower than the Louisiana average, and 10% 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 New Roads, LA, the average cost of goods and services is equal to it is in Louisiana, and it is 3% lower than the national average.

Did you know?

  • The cost of living in New Roads is 1% lower than the Louisiana average.
  • The cost of living in New Roads is 10% lower than the national average.
  • The cost of housing in New Roads is 19% 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 New Roads, LA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in New Roads, LA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of New Roads, LA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the New Roads, LA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The affordability of the housing market in New Roads, 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 New Roads, LA homeowners, the median income is $66,563. This indicates that a monthly maximum of $1,553 should be spent by homeowners on all housing related costs. Renters have a median income of $17,784. This indicates that renters should have a maximum of $415 used for their rent related monthly costs.

Louisiana Sales Tax

StateGeneral Sales TaxWith Max Surtax

Louisiana Income Tax

StateIncome Tax (Low)Income Tax (High)
One thing to keep in mind when considering the cost of living in New Roads, LA is the Louisiana sales tax and Louisiana income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Louisiana sales tax rate is 4% and the maximum surtax that can be charged is 11%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Louisiana income tax rates range from 2% to 6%.

Goods & Services

ItemNew RoadsNational avg.Difference
Haircut $18.40$14.5926.1%
Beauty Salon $43.79$34.6826.3%
Toothpaste $3.92$2.4758.5%
Shampoo $2.31$1.02126.0%
Movie $9.13$9.877.5%
Bowling $3.91$4.3911.0%


ItemNew RoadsNational avg.Difference
Ground Beef $4.97$4.4811.0%
Fried Chicken $1.55$1.465.9%
Milk $2.77$2.3617.5%
Potatoes $3.11$3.061.6%
Pizza $7.99$9.2413.6%
Beer $7.92$8.638.3%

Health Care

ItemNew RoadsNational avg.Difference
Optometrist $141.25$99.7841.6%
Doctor $109.50$105.034.3%
Dentist $86.60$88.702.4%
Ibuprofen $9.48$9.410.7%
Lipitor $270.45$298.509.4%


ItemNew RoadsNational avg.Difference
Home Price $158,200.00$175,700.0010.0%
Avg. Mortgage Payment $912.28$1,081.0315.6%
Apartment Rent $559.00$920.0039.2%


ItemNew RoadsNational avg.Difference
Gasoline $1.80$2.0913.9%
Tire Balancing $36.98$45.2918.3%


ItemNew RoadsNational avg.Difference
All Electricity$138.15$170.8019.1%
Phone $24.01$28.2615.0%
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.
Maringouin, LA1,00779-21%
Jackson, LA3,81980-20%
Fordoche, LA88382-18%
Morganza, LA80883-17%
Ventress, LA1,06084-16%
New Roads, LA4,79190-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Columbia, KY4,79279-21%
Walkertown, NC4,79098-2%
Edwardsville, PA4,79288-12%
Peppermill Village, MD4,79511010%
Rocky Mount, VA4,79584-16%
New Roads, LA4,79190-10%
Source: The New Roads, LA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.