Cost of living in Abbeville research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Abbeville is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Louisiana, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Abbeville is 81, with 100 being the average.
The cost of living index in Abbeville is 0.8x lower than the national average.
Abbeville ranks as the #8 cheapest in Louisiana out of 109.
Abbeville ranks as the #290 cheapest out of 6,412 in the US.
The median home value in Abbeville is $88,200.
The median income in Abbeville is $36,912.
According to the most recent data on the cost of living, Abbeville has an overall cost of living index of 81, which is 0.8x lower than the national index of 100.
Compared to Louisiana, Abbeville has a cost of living index that's 0.9x lower than Louisiana's index of 92.
The standard of living in Abbeville ranks as #8 most affordable out of the 109 places we measured in Louisiana. By definition, that implies Abbeville ranks as the #101 most expensive place in the Pelican State.
For more reading on life in Abbeville, check out:
Six factors go into calculating the cost of living index in Abbeville. Here is how it fairs on each of the criteria:
The Services index in Abbeville is 100.
The Groceries index in Abbeville is 102.
The Health index in Abbeville is 95.
The Housing index in Abbeville is 49.
The Transportation index in Abbeville is 101.
The Utilities index in Abbeville is 90.
Living Expense | Abbeville | Louisiana | National Average | |
---|---|---|---|---|
Overall | 81 | 92 | 100 | |
Services | 100 | 96 | 100 | |
Groceries | 102 | 96 | 100 | |
Health | 95 | 99 | 100 | |
Housing | 49 | 83 | 100 | |
Transportation | 101 | 96 | 100 | |
Utilities | 90 | 86 | 100 |
Housing swings affordability the most between places in Louisiana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Abbeville is $88,200.
The Median Rent in Abbeville is $695.
The Median Income in Abbeville is $36,912.
The Home Value To Income in Abbeville is 2.4x.
The Rent To Monthly Income in Abbeville is 0.23x.
Statistic | Abbeville | Louisiana | United States |
---|---|---|---|
Median Home Value | $88,200 | $174,000 | $244,900 |
Median Rent | $695 | $923 | $1,163 |
Median Income | $36,912 | $53,571 | $69,021 |
Home Value To Income | 2.4x | 3.2x | 3.5x |
Rent To Monthly Income | 0.23x | 0.21x | 0.2x |
The cost of living varies in the cities and towns around Abbeville. Here's a quick look at the cost of living in the most populous nearby places:
Lafayette, LA has a cost of living index of 95, 1.2x Abbeville.
New Iberia, LA has a cost of living index of 87, 1.1x Abbeville.
Youngsville, LA has a cost of living index of 105, 1.3x Abbeville.
City | Population | Cost Of Living | Vs. Abbeville |
---|---|---|---|
Lafayette, LA | 122,469 | 95 | 1.2x |
New Iberia, LA | 28,844 | 87 | 1.1x |
Youngsville, LA | 15,167 | 105 | 1.3x |
Broussard, LA | 12,960 | 96 | 1.2x |
Scott, LA | 8,200 | 92 | 1.1x |