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.
A general overview of the cost of living index for Lake Charles, LA is displayed above. In Lake Charles, LA, the overall cost of living index is 88, which is 5% lower than the Louisiana average and 12% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Lake Charles, LA, the city's goods and services are 8% lower than the Louisiana average and 11% lower than the U.S. average.
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Did you know?
The cost of living in Lake Charles is 5% lower than the Louisiana average.
The cost of living in Lake Charles is 12% lower than the national average.
The cost of housing in Lake Charles is 25% lower than the national average.
Louisiana general sales tax is 2% lower than the national average.
Louisiana state income tax is 10% lower than the national average.
Compare Lake Charles, LA Cost of living To Other Cities
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
Use the salary calculator to compare your current income in Lake Charles, 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 Lake Charles, LA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Lake Charles, 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
Max Budget (28% DTI)
Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Lake Charles, 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 Lake Charles, LA have a median income of $52,807. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,232 per month to avoid calamity and poverty. The renters in the city have an income of about $26,294, which would make their monthly maximum allowable rental costs $613.
Louisiana Sales Tax
General Sales Tax
With Max Surtax
Louisiana Income Tax
Income Tax (Low)
Income Tax (High)
When assessing the complete cost of living in Lake Charles, LA, the Louisiana income tax and the Louisiana sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Louisiana maximum surtax is 12%, and the Louisiana sales tax is 5%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2% to 6% in Louisiana.
Goods & Services
Avg. Mortgage Payment
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.