Cost of Living in Lake Providence, LA

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22%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
64%
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 Lake Providence Louisiana National
Cost of living7893100
Groceries9698100
Health care9796100
Housing3682100
Transportation9897100
Utilities97101100
Lifestyle & Entertainment9296100
Household Items9698100
Education & Childcare9595100
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Homes For Sale In Lake Providence, LA

property for sale

936 Schneider Ln

Lake Providence, LA
property for sale

518 Island Point Dr

Lake Providence, LA
property for sale

115 Riddle Ln

Lake Providence, LA
property for sale

1306 Lake St

Lake Providence, LA

Cost Of Living Quick Facts

  • The cost of living in Lake Providence is 16% lower than the Louisiana average
  • The cost of living in Lake Providence is 22% lower than the national average
  • Lake Providence housing is 64% 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

Most Affordable Places to Live in and Around Lake Providence

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      The best places in Louisiana

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      Salary Calculator

      This is how much you would need to earn in
      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$46,577$3,881$1,087$1,397
      Renters$21,176$1,765$494$635
      The affordability of the housing market in Lake Providence, LA as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Lake Providence homeowners, the median income is $46,577. This indicates that a monthly maximum of $1,087 should be spent by homeowners on all housing related costs. Renters have a median income of $21,176. This indicates that renters would have a maximum of $494 for their rent related monthly costs.

      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.
      Mayersville, MS2807425.6%
      Oak Grove, LA1,7948119.1%
      Forest, LA3698415.9%
      Kilbourne, LA283918.8%
      Cary, MS4911010.5%
      Lake Providence, LA2,6527822.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Blue Hills, CT2,6521043.6%
      Sibley, IA2,6528415.9%
      Venetian Village, IL2,652991.0%
      Owensville, MO2,6528416.1%
      Weatherly, PA2,6528911.4%
      Lake Providence, LA2,6527822.2%
      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.
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