Prien cost of living index

An overview of the general cost of living index for Prien, LA is displayed above for your reference. Residents in Prien, LA enjoy a cost of living index of 95. This index is 3% higher than the Louisiana average, and 5% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Prien, LA, the average cost of goods and services is 8% lower than it is in Louisiana, and it is 11% lower than the national average.

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Salary Calculator

The salary calculator allows you to compare how much your current salary in Prien, 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 Prien, LA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Prien, 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

A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Prien, LA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Prien, LA has a median income of about $82,333 for people who own homes. Based on that number, a person should spend a maximum of $1,921 on expenses related to housing. Renters have a slightly different median income, which is $52,632. Based on this average, renters should spend no more than $1,228 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Louisiana Sales Tax

Louisiana Income Tax

The Louisiana sales tax and Louisiana income tax rates should definitely be considered when determining the overall cost of living in Prien, 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 5% and the maximum surtax is 12%. 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

Groceries

Health Care

Housing

Transportation

Utilities

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.

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Source: The Prien, LA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.