Elmwood, LA Cost Of Living
Cost Of Living In Elmwood, LA Summary
Cost of living in Elmwood 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 Elmwood 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 Elmwood is 99, with 100 being the average.
The cost of living index in Elmwood is 1.0x lower than the national average.
Elmwood ranks as the #90 cheapest in Louisiana out of 109.
Elmwood ranks as the #3,027 cheapest out of 6,412 in the US.
The median home value in Elmwood is $202,000.
The median income in Elmwood is $75,526.
Table Of Contents
Elmwood's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Elmwood, LA?
According to the most recent data on the cost of living, Elmwood has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Louisiana, Elmwood has a cost of living index that's 1.1x higher than Louisiana's index of 92.
The standard of living in Elmwood ranks as #90 most affordable out of the 109 places we measured in Louisiana. By definition, that implies Elmwood ranks as the #19 most expensive place in the Pelican State.
For more reading on life in Elmwood, check out:
- Living In Elmwood
- Search Homes For Sale In Elmwood, LA
In Louisiana
In America
Elmwood Cost Of Living Vs. Louisiana
Six factors go into calculating the cost of living index in Elmwood. Here is how it fairs on each of the criteria:
The Services index in Elmwood is 107.
The Groceries index in Elmwood is 101.
The Health index in Elmwood is 115.
The Housing index in Elmwood is 96.
The Transportation index in Elmwood is 99.
The Utilities index in Elmwood is 74.
| Living Expense | Elmwood | Louisiana | National Average | |
|---|---|---|---|---|
| Overall | 99 | 92 | 100 | |
| Services | 107 | 96 | 100 | |
| Groceries | 101 | 96 | 100 | |
| Health | 115 | 99 | 100 | |
| Housing | 96 | 83 | 100 | |
| Transportation | 99 | 96 | 100 | |
| Utilities | 74 | 86 | 100 | |
Elmwood, LA Housing Cost Breakdown
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 Elmwood is $202,000.
The Median Rent in Elmwood is $1,313.
The Median Income in Elmwood is $75,526.
The Home Value To Income in Elmwood is 2.7x.
The Rent To Monthly Income in Elmwood is 0.21x.
| Statistic | Elmwood | Louisiana | United States |
|---|---|---|---|
| Median Home Value | $202,000 | $174,000 | $244,900 |
| Median Rent | $1,313 | $923 | $1,163 |
| Median Income | $75,526 | $53,571 | $69,021 |
| Home Value To Income | 2.7x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.21x | 0.2x |
Median Home Value
Median Rent
Median Income
Elmwood, LA Costs By Category
Detailed Elmwood Services Costs Vs. Louisiana
Detailed Elmwood Groceries Costs Vs. Louisiana
Detailed Elmwood Health Costs Vs. Louisiana
Detailed Elmwood Transportation Costs Vs. Louisiana
Detailed Elmwood Utilities Costs Vs. Louisiana
Elmwood SnackAbility
/10
Cost Of Living In Cities Around Elmwood
The cost of living varies in the cities and towns around Elmwood. Here's a quick look at the cost of living in the most populous nearby places:
New Orleans, LA has a cost of living index of 100, 1.0x Elmwood.
Metairie, LA has a cost of living index of 102, 1.0x Elmwood.
Kenner, LA has a cost of living index of 99, 1.0x Elmwood.
| City | Population | Cost Of Living | Vs. Elmwood |
|---|---|---|---|
| New Orleans, LA | 383,974 | 100 | 1.0x |
| Metairie, LA | 140,590 | 102 | 1.0x |
| Kenner, LA | 66,411 | 99 | 1.0x |
| Marrero, LA | 31,928 | 90 | 0.9x |
| Chalmette, LA | 21,981 | 94 | 0.9x |
| Harvey, LA | 20,942 | 92 | 0.9x |
| Gretna, LA | 17,836 | 97 | 1.0x |
| River Ridge, LA | 13,435 | 106 | 1.1x |
| Waggaman, LA | 11,161 | 91 | 0.9x |
| Jefferson, LA | 10,500 | 99 | 1.0x |
