Cost Of Living in Banks Springs, LA

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13%

Overall NAT. AVG.

2%

Groceries NAT. AVG.

37%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Banks Springs	Louisiana	National
Cost of living	87	93	100
Groceries	98	98	100
Health care	96	96	100
Housing	63	82	100
Transportation	100	97	100
Utilities	101	101	100
Lifestyle & Entertainment	94	96	100
Household Items	97	98	100
Education & Childcare	94	95	100

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Cost Of Living Quick Facts

The cost of living in Banks Springs is 6% lower than the Louisiana average
The cost of living in Banks Springs is 13% lower than the national average
Banks Springs housing is 37% lower than the national average
Louisiana general sales tax is 13% lower than the national average
Louisiana state income tax is 29% lower than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$0	$0	$0	$0
Renters	$59,438	$4,953	$1,387	$1,783

Louisiana Sales Tax

State	General Sales Tax	With Max Surtax
Louisiana	4.45%	11.45%

Louisiana Income Tax

State	Income Tax (Low)	Income Tax (High)
Louisiana	1.85%	4.25%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Urania, LA	1,505	75	24.9%
Clarks, LA	609	81	18.6%
Olla, LA	1,966	83	17.5%
Grayson, LA	589	86	13.7%
Columbia, LA	532	90	9.7%
Banks Springs, LA	1,212	87	13.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Dixon, KY	1,212	84	16.1%
Lake Linden, MI	1,212	82	18.0%
Kellyville, OK	1,212	83	16.9%
Conashaugh Lakes, PA	1,212	110	10.0%
Moose Jaw No. 161, SK	1,212	n/a
Banks Springs, LA	1,212	87	13.0%