Houma, LA Cost Of Living
Cost Of Living In Houma, LA Summary
Cost of living in Houma 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 Houma 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 Houma is 93, with 100 being the average.
The cost of living index in Houma is 0.9x lower than the national average.
Houma ranks as the #68 cheapest in Louisiana out of 109.
Houma ranks as the #2,137 cheapest out of 6,412 in the US.
The median home value in Houma is $169,600.
The median income in Houma is $48,688.
Table Of Contents
Houma's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Houma, LA?
According to the most recent data on the cost of living, Houma has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Louisiana, Houma has a cost of living index that's 1.0x higher than Louisiana's index of 92.
The standard of living in Houma ranks as #68 most affordable out of the 109 places we measured in Louisiana. By definition, that implies Houma ranks as the #41 most expensive place in the Pelican State.
For more reading on life in Houma, check out:
- Living In Houma
- Houma Crime Report
- Search Homes For Sale In Houma, LA
In Louisiana
In America
Houma Cost Of Living Vs. Louisiana
Six factors go into calculating the cost of living index in Houma. Here is how it fairs on each of the criteria:
The Services index in Houma is 100.
The Groceries index in Houma is 98.
The Health index in Houma is 96.
The Housing index in Houma is 83.
The Transportation index in Houma is 100.
The Utilities index in Houma is 92.
| Living Expense | Houma | Louisiana | National Average | |
|---|---|---|---|---|
| Overall | 93 | 92 | 100 | |
| Services | 100 | 96 | 100 | |
| Groceries | 98 | 96 | 100 | |
| Health | 96 | 99 | 100 | |
| Housing | 83 | 83 | 100 | |
| Transportation | 100 | 96 | 100 | |
| Utilities | 92 | 86 | 100 | |
Houma, 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 Houma is $169,600.
The Median Rent in Houma is $838.
The Median Income in Houma is $48,688.
The Home Value To Income in Houma is 3.5x.
The Rent To Monthly Income in Houma is 0.21x.
| Statistic | Houma | Louisiana | United States |
|---|---|---|---|
| Median Home Value | $169,600 | $174,000 | $244,900 |
| Median Rent | $838 | $923 | $1,163 |
| Median Income | $48,688 | $53,571 | $69,021 |
| Home Value To Income | 3.5x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.21x | 0.2x |
Median Home Value
Median Rent
Median Income
Houma, LA Costs By Category
Detailed Houma Services Costs Vs. Louisiana
Detailed Houma Groceries Costs Vs. Louisiana
Detailed Houma Health Costs Vs. Louisiana
Detailed Houma Transportation Costs Vs. Louisiana
Detailed Houma Utilities Costs Vs. Louisiana
Houma SnackAbility
/10
Cost Of Living In Cities Around Houma
The cost of living varies in the cities and towns around Houma. Here's a quick look at the cost of living in the most populous nearby places:
Bayou Cane, LA has a cost of living index of 93, 1.0x Houma.
Thibodaux, LA has a cost of living index of 91, 1.0x Houma.
Bayou Blue, LA has a cost of living index of 92, 1.0x Houma.
| City | Population | Cost Of Living | Vs. Houma |
|---|---|---|---|
| Bayou Cane, LA | 21,699 | 93 | 1.0x |
| Thibodaux, LA | 15,242 | 91 | 1.0x |
| Bayou Blue, LA | 11,229 | 92 | 1.0x |
| Raceland, LA | 11,002 | 90 | 1.0x |
| Larose, LA | 6,652 | 88 | 0.9x |
| Gray, LA | 6,208 | 87 | 0.9x |
| Schriever, LA | 5,639 | 88 | 0.9x |
