Shreveport, LA Cost Of Living

Shreveport cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Shreveport	Louisiana	National
Cost of living index	88	92	100
Index	Shreveport	Louisiana	National
Goods & Services index	97	97	100
Groceries index	99	98	100
Health care index	95	97	100
Housing index	75	81	100
Transportation index	93	97	100
Utilities index	75	94	100

The above illustration supplies generalized information for the Shreveport, LA cost of living index. Compared to other cities in Louisiana and cities across the country, the cost of living index in Shreveport, LA is 88, which is 5% lower than the Louisiana average and 12% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Shreveport, LA are equal to the average for Louisiana and 3% lower than the rest of the country.

Did you know?

The cost of living in Shreveport is 5% lower than the Louisiana average.
The cost of living in Shreveport is 12% lower than the national average.
The cost of housing in Shreveport is 25% lower than the national average.
Louisiana general sales tax is 2% lower than the national average.
Louisiana state income tax is 10% lower than the national average.

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current income in Shreveport, LA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Shreveport, LA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Shreveport, LA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$56,174	$4,681	$1,311	$1,685
Renters	$24,869	$2,072	$580	$746

One can approximate the cost of living and the housing affordability in Shreveport, LA by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Shreveport, LA have a median income of $56,174. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,311 per month to avoid calamity and poverty. The renters in the city have an income of about $24,869, which would make their monthly maximum allowable rental costs $580.

Louisiana Sales Tax

State	General Sales Tax	With Max Surtax
Louisiana	5%	12%

Louisiana Income Tax

State	Income Tax (Low)	Income Tax (High)
Louisiana	2%	6%

One thing to keep in mind when considering the cost of living in Shreveport, LA is the Louisiana sales tax and Louisiana income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Louisiana sales tax rate is 5% and the maximum surtax that can be charged is 12%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Louisiana income tax rates range from 2% to 6%.

Goods & Services

Item	Shreveport	National avg.	Difference
Haircut	$15.51	$16.09	3.6%
Beauty Salon	$54.81	$37.33	46.8%
Toothpaste	$2.13	$2.45	13.0%
Shampoo	$1.02	$1.00	1.9%
Movie	$9.63	$10.28	6.3%
Bowling	$4.96	$4.93	0.5%

Groceries

Item	Shreveport	National avg.	Difference
Ground Beef	$4.91	$3.80	29.0%
Fried Chicken	$1.04	$1.40	25.5%
Milk	$2.98	$2.01	48.4%
Potatoes	$3.14	$3.01	4.2%
Pizza	$10.99	$9.89	11.2%
Beer	$8.05	$8.90	9.6%

Health Care

Item	Shreveport	National avg.	Difference
Optometrist	$76.67	$102.16	25.0%
Doctor	$97.55	$108.36	10.0%
Dentist	$88.42	$92.53	4.4%
Ibuprofen	$8.61	$9.28	7.2%
Lipitor	$447.55	$425.82	5.1%

Housing

Item	Shreveport	National avg.	Difference
Home Price	$133,600.00	$184,700.00	27.7%
Avg. Mortgage Payment	$1,069.76	$1,202.44	11.0%
Apartment Rent	$764.00	$949.00	19.5%

Transportation

Item	Shreveport	National avg.	Difference
Gasoline	$2.09	$2.24	7.0%
Tire Balancing	$43.77	$46.29	5.5%

Utilities

Item	Shreveport	National avg.	Difference
All Electricity	$109.48	$165.96	34.0%
Phone	$24.59	$28.68	14.3%

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, State	Population	Cost of Living Index	National Avg.
Mooringsport, LA	722	80	-20%
Benton, LA	1,909	82	-18%
Lakeview, LA	1,267	84	-16%
Greenwood, LA	3,214	86	-14%
Haughton, LA	3,395	87	-13%
Shreveport, LA	198,571	88	-12%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Akron, OH	198,508	81	-19%
Huntington Beach, CA	198,724	169	69%
Glendale, CA	197,895	164	64%
Little Rock, AR	197,640	95	-5%
Amarillo, TX	197,570	85	-15%
Shreveport, LA	198,571	88	-12%

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

Shreveport, LA Cost of Living