Inniswold 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.
IndexInniswoldLouisianaNational
Cost of living index11092100
IndexInniswoldLouisianaNational
Goods & Services index10696100
Groceries index9998100
Health care index10398100
Housing index13081100
Transportation index10399100
Utilities index8488100
Displayed above is a general overview of the Inniswold, LA cost of living index. The overall cost of living index in Inniswold, LA is 110, which is 20% higher than the Louisiana average and 10% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Inniswold, LA are 11% higher than the Louisiana average and 6% higher than the national average.
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Did you know?

  • The cost of living in Inniswold is 20% higher than the Louisiana average.
  • The cost of living in Inniswold is 10% higher than the national average.
  • The cost of housing in Inniswold is 30% higher than the national average.
  • Louisiana general sales tax is 13% lower than the national average.
  • Louisiana state income tax is 10% lower than the national average.

Compare Inniswold, LA Cost of living To Other Cities

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      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      The salary calculator allows you to compare how much your current salary in Inniswold, LA would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Inniswold, LA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Inniswold, LA salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$95,781$7,982$2,235$2,874
      Renters$46,092$3,841$1,075$1,383
      One can approximate the cost of living and the housing affordability in Inniswold, LA by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Inniswold, LA have a median income of $95,781. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,235 per month to avoid calamity and poverty. The renters in the city have an income of about $46,092, which would make their monthly maximum allowable rental costs $1,075.

      Louisiana Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Louisiana4.45%11.45%

      Louisiana Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Louisiana2%6%
      The Louisiana sales tax and Louisiana income tax rates should definitely be considered when determining the overall cost of living in Inniswold, LA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Louisiana sales tax is 4.45% and the maximum surtax is 11.45%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Louisiana income tax rates range from 2% to 6%.

      Goods & Services

      ItemInniswoldNational avg.Difference
      Haircut $24.99$17.4942.9%
      Beauty Salon $47.38$38.1724.1%
      Toothpaste $2.89$2.3224.5%
      Shampoo $1.13$1.0111.7%
      Movie $10.27$10.724.2%
      Bowling $15.00$13.868.2%

      Groceries

      ItemInniswoldNational avg.Difference
      Ground Beef $4.25$3.909.0%
      Fried Chicken $1.46$1.404.6%
      Milk $2.90$1.9647.8%
      Potatoes $4.26$3.1833.8%
      Pizza $8.49$10.3918.3%
      Beer $8.78$9.234.9%

      Health Care

      ItemInniswoldNational avg.Difference
      Optometrist $130.80$106.3423.0%
      Doctor $110.50$115.254.1%
      Dentist $104.00$98.385.7%
      Ibuprofen $8.73$9.265.7%
      Lipitor $488.60$466.474.7%

      Housing

      ItemInniswoldNational avg.Difference
      Home Price $264,900.00$184,700.0043.4%
      Avg. Mortgage Payment $1,226.15$1,273.323.7%
      Apartment Rent $938.00$949.001.2%

      Transportation

      ItemInniswoldNational avg.Difference
      Gasoline $2.29$2.5911.7%
      Tire Balancing $64.37$48.9031.6%

      Utilities

      ItemInniswoldNational avg.Difference
      All Electricity$122.30$167.6027.0%
      Phone $176.14$163.427.8%
      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.
      Bayou Goula, LA6821011%
      Crescent, LA53280-20%
      St. Gabriel, LA6,98491-9%
      Plaquemine, LA6,92091-9%
      Port Allen, LA5,12392-8%
      Inniswold, LA6,66011010%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Fircrest, WA6,66012020%
      Rancho Calaveras, CA6,66112020%
      Hapeville, GA6,65894-6%
      Skowhegan, ME6,66294-6%
      Windsor, WI6,65811313%
      Inniswold, LA6,66011010%
      Source: The Inniswold, LA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.