Cost of living in Central 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 Central 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 Central is 96, with 100 being the average.
The cost of living index in Central is 1.0x lower than the national average.
Central ranks as the #79 cheapest in Louisiana out of 109.
Central ranks as the #2,601 cheapest out of 6,412 in the US.
The median home value in Central is $247,900.
The median income in Central is $83,947.
According to the most recent data on the cost of living, Central has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to Louisiana, Central has a cost of living index that's 1.0x higher than Louisiana's index of 92.
The standard of living in Central ranks as #79 most affordable out of the 109 places we measured in Louisiana. By definition, that implies Central ranks as the #30 most expensive place in the Pelican State.
For more reading on life in Central, check out:
Six factors go into calculating the cost of living index in Central. Here is how it fairs on each of the criteria:
The Services index in Central is 107.
The Groceries index in Central is 97.
The Health index in Central is 105.
The Housing index in Central is 98.
The Transportation index in Central is 94.
The Utilities index in Central is 75.
Living Expense | Central | Louisiana | National Average | |
---|---|---|---|---|
Overall | 96 | 92 | 100 | |
Services | 107 | 96 | 100 | |
Groceries | 97 | 96 | 100 | |
Health | 105 | 99 | 100 | |
Housing | 98 | 83 | 100 | |
Transportation | 94 | 96 | 100 | |
Utilities | 75 | 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 Central is $247,900.
The Median Rent in Central is $1,095.
The Median Income in Central is $83,947.
The Home Value To Income in Central is 3.0x.
The Rent To Monthly Income in Central is 0.16x.
Statistic | Central | Louisiana | United States |
---|---|---|---|
Median Home Value | $247,900 | $174,000 | $244,900 |
Median Rent | $1,095 | $923 | $1,163 |
Median Income | $83,947 | $53,571 | $69,021 |
Home Value To Income | 3.0x | 3.2x | 3.5x |
Rent To Monthly Income | 0.16x | 0.21x | 0.2x |
The cost of living varies in the cities and towns around Central. Here's a quick look at the cost of living in the most populous nearby places:
Arvada, CO has a cost of living index of 109, 1.1x Central.
Golden, CO has a cost of living index of 127, 1.3x Central.
Fairmount, CO has a cost of living index of 128, 1.3x Central.
City | Population | Cost Of Living | Vs. Central |
---|---|---|---|
Arvada, CO | 122,903 | 109 | 1.1x |
Golden, CO | 20,041 | 127 | 1.3x |
Fairmount, CO | 9,939 | 128 | 1.3x |
Evergreen, CO | 9,338 | 134 | 1.4x |
Applewood, CO | 8,236 | 130 | 1.4x |