A+
14%
Overall NAT. AVG.
9%
Goods & Services NAT. AVG.
29%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Morgan City Louisiana National
Cost of living8691100
Goods & Services9196100
Groceries9195100
Health care10399100
Housing7181100
Transportation9796100
Utilities9084100

An Overview of Cost of Living in Morgan City, LA

Are you thinking about relocating, but curious about the potential cost of living in Morgan City? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Morgan City stands at 86, making it 14% 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.

With the cost of groceries currently outpacing inflation, it's becoming more and more difficult to find cities that offer affordable grocery items. Luckily, Morgan City has a 9.5% lower than average grocery index - meaning groceries are much more affordable in this area, when compared to other cities across the nation.

Is Morgan City Affordable?

Is Morgan City 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 Morgan City, for instance, where the median home price falls 33.7% lower than the national average, and monthly rent rates are 16.8% lower than usual. Additionally, median income levels contribute to the equation, with Morgan City flaunting a median household income of $40,247, 27.2% lower than the national norm.

What Factors can Influence the Cost of Living in Morgan City?

Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Morgan City, the groceries index is 9.5% lower than the national average.

Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Morgan City, healthcare costs are 3.4% higher than the national average.

Where is the Data From?

The Morgan City 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. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

New Real Estate Listings in Morgan City Area
Search Homes for Sale in Morgan City, LA

Cost Of Living Quick Facts

  • The cost of living in Morgan City is 5% lower than the Louisiana average
  • The cost of living in Morgan City is 14% lower than the national average
  • Morgan City housing is 29% lower than the national average
  • Louisiana general sales tax is 13% lower than the national average
  • Louisiana state income tax is 18% lower than the national average

Most Affordable Places to Live in and Around Morgan City

See all the best places to live around Morgan City

Compare Morgan City, LA Cost of Living

      vs
      How would you rate the cost of living in Morgan City?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Morgan City?
      Write a review to give others more information about this area.
      See all Morgan City poll results

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$50,904$4,242$1,188$1,527
      Renters$31,980$2,665$746$959
      The affordability of the housing market in Morgan City, 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 Morgan City homeowners, the median income is $50,904. This indicates that a monthly maximum of $1,188 should be spent by homeowners on all housing related costs. Renters have a median income of $31,980. This indicates that renters would have a maximum of $746 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%

      Goods & Services

      Item Morgan City National avg. Difference
      Haircut $27.33$24.2612.7%
      Beauty Salon $44.46$45.562.4%
      Toothpaste $3.53$3.704.7%
      Shampoo $1.22$1.284.5%
      Movie $9.94$12.1318.1%
      Bowling $20.07$18.0011.5%

      Groceries

      Item Morgan City National avg. Difference
      Ground Beef $5.12$5.8412.4%
      Fried Chicken $1.44$1.578.2%
      Milk $4.59$4.671.8%
      Potatoes $5.09$4.933.1%
      Pizza $10.74$12.0911.2%
      Beer $9.94$10.414.6%

      Health Care

      Item Morgan City National avg. Difference
      Optometrist $105.23$125.6816.3%
      Doctor $98.53$135.7827.4%
      Dentist $91.40$113.2919.3%
      Ibuprofen $10.27$10.653.6%
      Lipitor $500.22$468.606.7%

      Housing

      Item Morgan City National avg. Difference
      Home Price $122,500.00$184,700.0033.7%
      Avg. Mortgage Payment $1,451.87$2,346.6938.1%
      Apartment Rent $790.00$949.0016.8%

      Transportation

      Item Morgan City National avg. Difference
      Gasoline $3.17$3.468.5%
      Tire Balancing $60.37$59.920.8%

      Utilities

      Item Morgan City National avg. Difference
      All Electricity $163.08$193.9915.9%
      Phone $187.44$192.252.5%
      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 Population Cost of Living Index National Avg.
      Supreme, LA494927.8%
      Siracusaville, LA3877426.2%
      Bayou L'Ourse, LA2,2318316.5%
      Patterson, LA5,8448416.3%
      Berwick, LA4,4788515.4%
      Morgan City, LA10,9638614.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Campton Hills, IL10,96214242.2%
      Montmagny, QC10,961n/a 
      Dobbs Ferry, NY10,95917372.5%
      Waimea, HI10,96917574.9%
      DeRidder, LA10,955909.7%
      Morgan City, LA10,9638614.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.