An Overview of Cost of Living in Baton Rouge, LA
Are you thinking about relocating, but curious about the potential cost of living in Baton Rouge? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Baton Rouge stands at 97, making it 3% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
In Baton Rouge, daily expenses such as food, housing, goods and services, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Baton Rouge will resemble that of an average city, contributing to a manageable cost of living.
What Do Locals Say About the Cost of Living in Baton Rouge?
When it comes to knowing a city, its residents are the experts. We conducted a survey with 15 locals to understand their opinions on the cost of living in Baton Rouge. The results indicated that 20% found it reasonably priced with decreasing prices of goods and services, while 80% viewed it as quite expensive, with increasing prices.
Is Baton Rouge Affordable?
Is Baton Rouge affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Baton Rouge, for instance, where the median home price falls 0.2% higher than the national average, and monthly rent rates are 6.6% lower than usual. Additionally, median income levels contribute to the equation, with Baton Rouge flaunting a median household income of $44,177, 20.1% lower than the national norm.
What Factors can Influence the Cost of Living in Baton Rouge?
Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.
Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Baton Rouge, the housing index comes in at 1.9% lower than the national average.
Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Baton Rouge comes in at 27.3% lower than the national average.
Where is the Data From?
The Baton Rouge cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.