Oak Hills Place 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.
IndexOak Hills PlaceLouisianaNational
Cost of living index11192100
IndexOak Hills PlaceLouisianaNational
Goods & Services index10699100
Groceries index9696100
Health care index11497100
Housing index13982100
Transportation index9195100
Utilities index8391100
A general summary of the cost of living index in Oak Hills Place, LA is shown above. Compared to the state average of Louisiana the cost of living index in Oak Hills Place, LA is 111, which is 20% higher than the average in Louisiana and compared to the national average it is 11% higher 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 Oak Hills Place, 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 Oak Hills Place is 20% higher than the Louisiana average.
  • The cost of living in Oak Hills Place is 11% higher than the national average.
  • The cost of housing in Oak Hills Place is 39% higher 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 Oak Hills Place

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Oak Hills Place

Compare Oak Hills Place, 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
Using the salary calculator lets you compare the salary you earn in Oak Hills Place, LA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Oak Hills Place, LA, you have to earn a higher income in order to still have the same standard of living. To operate the Oak Hills Place, LA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$101,204$8,434$2,361$3,036
Renters$43,281$3,607$1,010$1,299
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 Oak Hills Place, 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. Oak Hills Place, LA has a median income of about $101,204 for people who own homes. Based on that number, a person should spend a maximum of $2,361 on expenses related to housing. Renters have a slightly different median income, which is $43,281. Based on this average, renters should spend no more than $1,010 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 you are determining the total cost of living in Oak Hills Place, LA you will want to make sure you consider both the Louisiana sales tax and the Louisiana income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Louisiana is 4%, with the highest surtax being 11%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Louisiana have a range from 2% to 6%.

Goods & Services

ItemOak Hills PlaceNational 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

ItemOak Hills PlaceNational 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

ItemOak Hills PlaceNational 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

ItemOak Hills PlaceNational avg.Difference
Home Price $260,700.00$175,700.0048.4%
Avg. Mortgage Payment $1,015.66$1,133.2310.4%
Apartment Rent $1,063.00$920.0015.5%

Transportation

ItemOak Hills PlaceNational avg.Difference
Gasoline $1.86$1.996.6%
Tire Balancing $39.79$45.7613.0%

Utilities

ItemOak Hills PlaceNational 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.
Crescent, LA79479-21%
White Castle, LA2,31787-13%
St. Gabriel, LA6,79688-12%
Plaquemine, LA7,05589-11%
Port Allen, LA5,15090-10%
Oak Hills Place, LA8,56811111%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Elwood, IN8,56982-18%
Dormont, PA8,56587-13%
Tuscumbia, AL8,56586-14%
Franklin, KY8,56385-15%
Hickam Housing, HI8,57316666%
Oak Hills Place, LA8,56811111%
Source: The Oak Hills Place, LA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.