Cost Of Living in Prospect, LA

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4%

Overall NAT. AVG.

3%

Groceries NAT. AVG.

4%

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	Prospect	Louisiana	National
Cost of living	96	93	100
Groceries	97	98	100
Health care	96	96	100
Housing	96	82	100
Transportation	94	97	100
Utilities	101	101	100
Lifestyle & Entertainment	99	96	100
Household Items	97	98	100
Education & Childcare	91	95	100

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Cost Of Living Quick Facts

The cost of living in Prospect is 4% higher than the Louisiana average
The cost of living in Prospect is 4% lower than the national average
Prospect housing is 4% 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

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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	$76,378	$6,365	$1,782	$2,292
Renters	$0	$0	$0	$0

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.
Boyce, LA	1,264	80	19.7%
Colfax, LA	2,334	82	18.3%
Pollock, LA	588	88	12.0%
Dry Prong, LA	478	89	11.4%
Pineville, LA	14,677	92	7.9%
Prospect, LA	182	96	3.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Fountain Hill, AR	182	93	7.4%
Elk Creek, CA	182	104	4.3%
Berrydale, FL	182	85	15.2%
Aurora, IA	182	83	16.5%
Linn Grove, IA	182	79	20.7%
Prospect, LA	182	96	3.6%