Shreveport, Louisiana Cost Of Living

Buy Rent

B

Overall 10%

Goods & Services 3%

Housing 25%

Date & Last Updated: This data reflects 2020 and was released from C2ER in January, 2021; 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	Shreveport	Louisiana	National
Cost of living	90	91	100
Goods & Services	98	97	100
Groceries	99	97	100
Health care	100	99	100
Housing	75	81	100
Transportation	93	94	100
Utilities	88	87	100

Key findings

The cost of living in Shreveport is 2% lower than the Louisiana average
The cost of living in Shreveport is 10% lower than the national average
Shreveport housing is 25% lower than the national average
Louisiana general sales tax is 13% lower than the national average
Louisiana state income tax is 19% 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

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

To approximate the cost of living and the housing affordability in Shreveport, LA, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Shreveport 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	4.45%	11.45%

Louisiana Income Tax

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

Goods & Services

Item	Shreveport	National avg.	Difference
Haircut	$17.43	$18.62	6.4%
Beauty Salon	$33.55	$39.05	14.1%
Toothpaste	$2.15	$2.34	8.3%
Shampoo	$1.08	$1.06	1.9%
Movie	$10.41	$10.68	2.6%
Bowling	$15.00	$14.67	2.2%

Groceries

Item	Shreveport	National avg.	Difference
Ground Beef	$4.29	$4.22	1.6%
Fried Chicken	$1.23	$1.39	11.3%
Milk	$2.02	$2.05	1.3%
Potatoes	$3.00	$3.29	8.8%
Pizza	$9.82	$10.62	7.5%
Beer	$9.01	$9.38	4.0%

Health Care

Item	Shreveport	National avg.	Difference
Optometrist	$88.55	$108.57	18.4%
Doctor	$101.77	$116.17	12.4%
Dentist	$109.04	$99.13	10.0%
Ibuprofen	$10.07	$9.68	4.0%
Lipitor	$478.74	$466.92	2.5%

Housing

Item	Shreveport	National avg.	Difference
Home Price	$133,600.00	$184,700.00	27.7%
Avg. Mortgage Payment	$978.15	$1,197.42	18.3%
Apartment Rent	$764.00	$949.00	19.5%

Transportation

Item	Shreveport	National avg.	Difference
Gasoline	$1.93	$2.22	13.3%
Tire Balancing	$53.24	$50.07	6.3%

Utilities

Item	Shreveport	National avg.	Difference
All Electricity	$135.06	$167.67	19.4%
Phone	$180.18	$175.64	2.6%

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	82	-18%
Benton, LA	1,909	84	-16%
Lakeview, LA	1,267	86	-14%
Greenwood, LA	3,214	88	-12%
Haughton, LA	3,395	89	-11%
Shreveport, LA	198,571	90	-10%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Akron, OH	198,508	86	-14%
Huntington Beach, CA	198,724	170	70%
Glendale, CA	197,895	167	67%
Little Rock, AR	197,640	94	-6%
Amarillo, TX	197,570	83	-17%
Shreveport, LA	198,571	90	-10%

Source: The Shreveport, LA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2020.