| Index | Shreveport | Louisiana | National |
| Cost of living | 95 | 93 | 100 |
| Groceries | 99 | 98 | 100 |
| Health care | 100 | 96 | 100 |
| Housing | 85 | 82 | 100 |
| Transportation | 99 | 97 | 100 |
| Utilities | 102 | 101 | 100 |
| Lifestyle & Entertainment | 101 | 96 | 100 |
| Household Items | 99 | 98 | 100 |
| Education & Childcare | 91 | 95 | 100 |
The cost of living in Shreveport affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Shreveport is 95, which is 5% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
In Shreveport, daily expenses such as food, housing, lifestyle expenses, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Shreveport will resemble that of an average city, contributing to a manageable cost of living.
The most insightful perspective on a city comes from its residents. We recently surveyed 15 locals to gauge their perception of the cost of living in Shreveport. The feedback revealed that 33% of respondents found the cost of living to be reasonable, with prices on the decline, while 67% regarded it as notably expensive with prices that continue to rise.
Is Shreveport 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 Shreveport, for instance, where the median home price falls 15.2% lower than the national average, and monthly rent rates are 13% lower than usual. Additionally, median income levels contribute to the equation, with Shreveport flaunting a median household income of $60,442, 25.7% lower than the national norm.
Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Shreveport, is 14.5% lower than the national average.
Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.
Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.
The cost of living estimates displayed for Shreveport are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $93,003 | $7,750 | $2,170 | $2,790 |
| Renters | $38,035 | $3,170 | $887 | $1,141 |
| State | General Sales Tax | With Max Surtax |
| Louisiana | 4.45% | 11.45% |
| State | Income Tax (Low) | Income Tax (High) |
| Louisiana | 1.85% | 4.25% |
| City | Population | Cost of Living Index | National Avg. |
| Mooringsport, LA | 541 | 85 | 15.1% |
| Lakeview, LA | 1,231 | 91 | 8.8% |
| Benton, LA | 2,171 | 92 | 7.7% |
| Haughton, LA | 3,418 | 95 | 5.4% |
| Red Chute, LA | 6,809 | 96 | 3.8% |
| Shreveport, LA | 197,125 | 95 | 5.3% |
| City | Population | Cost of Living Index | National Avg. |
| Mobile, AL | 197,324 | 91 | 8.8% |
| Burlington, ON | 197,435 | n/a | |
| Tempe, AZ | 197,595 | 119 | 18.6% |
| Overland Park, KS | 197,888 | 114 | 14.1% |
| Grand Prairie, TX | 198,327 | 100 | 0.1% |
| Shreveport, LA | 197,125 | 95 | 5.3% |
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