Raceland, LA Cost Of Living
Cost Of Living In Raceland, LA Summary
Cost of living in Raceland 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 Raceland 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 Raceland is 90, with 100 being the average.
The cost of living index in Raceland is 0.9x lower than the national average.
Raceland ranks as the #46 cheapest in Louisiana out of 109.
Raceland ranks as the #1,633 cheapest out of 6,412 in the US.
The median home value in Raceland is $143,200.
The median income in Raceland is $41,494.
Table Of Contents
Raceland's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Raceland, LA?
According to the most recent data on the cost of living, Raceland has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to Louisiana, Raceland has a cost of living index that's 1.0x lower than Louisiana's index of 92.
The standard of living in Raceland ranks as #46 most affordable out of the 109 places we measured in Louisiana. By definition, that implies Raceland ranks as the #63 most expensive place in the Pelican State.
For more reading on life in Raceland, check out:
- Living In Raceland
- Search Homes For Sale In Raceland, LA
In Louisiana
In America
Raceland Cost Of Living Vs. Louisiana
Six factors go into calculating the cost of living index in Raceland. Here is how it fairs on each of the criteria:
The Services index in Raceland is 100.
The Groceries index in Raceland is 99.
The Health index in Raceland is 98.
The Housing index in Raceland is 68.
The Transportation index in Raceland is 98.
The Utilities index in Raceland is 95.
| Living Expense | Raceland | Louisiana | National Average | |
|---|---|---|---|---|
| Overall | 90 | 92 | 100 | |
| Services | 100 | 96 | 100 | |
| Groceries | 99 | 96 | 100 | |
| Health | 98 | 99 | 100 | |
| Housing | 68 | 83 | 100 | |
| Transportation | 98 | 96 | 100 | |
| Utilities | 95 | 86 | 100 | |
Raceland, 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 Raceland is $143,200.
The Median Rent in Raceland is $544.
The Median Income in Raceland is $41,494.
The Home Value To Income in Raceland is 3.5x.
The Rent To Monthly Income in Raceland is 0.16x.
| Statistic | Raceland | Louisiana | United States |
|---|---|---|---|
| Median Home Value | $143,200 | $174,000 | $244,900 |
| Median Rent | $544 | $923 | $1,163 |
| Median Income | $41,494 | $53,571 | $69,021 |
| Home Value To Income | 3.5x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.21x | 0.2x |
Median Home Value
Median Rent
Median Income
Raceland, LA Costs By Category
Detailed Raceland Services Costs Vs. Louisiana
Detailed Raceland Groceries Costs Vs. Louisiana
Detailed Raceland Health Costs Vs. Louisiana
Detailed Raceland Transportation Costs Vs. Louisiana
Detailed Raceland Utilities Costs Vs. Louisiana
Raceland SnackAbility
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Cost Of Living In Cities Around Raceland
The cost of living varies in the cities and towns around Raceland. Here's a quick look at the cost of living in the most populous nearby places:
Houma, LA has a cost of living index of 93, 1.0x Raceland.
Bayou Cane, LA has a cost of living index of 93, 1.0x Raceland.
Thibodaux, LA has a cost of living index of 91, 1.0x Raceland.
| City | Population | Cost Of Living | Vs. Raceland |
|---|---|---|---|
| Houma, LA | 33,461 | 93 | 1.0x |
| Bayou Cane, LA | 21,699 | 93 | 1.0x |
| Thibodaux, LA | 15,242 | 91 | 1.0x |
| Bayou Blue, LA | 11,229 | 92 | 1.0x |
| Larose, LA | 6,652 | 88 | 1.0x |
| Gray, LA | 6,208 | 87 | 1.0x |
| Schriever, LA | 5,639 | 88 | 1.0x |
| Chackbay, LA | 5,404 | 91 | 1.0x |
