Cost of living in Reserve 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 Reserve 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 Reserve is 86, with 100 being the average.
The cost of living index in Reserve is 0.9x lower than the national average.
Reserve ranks as the #25 cheapest in Louisiana out of 109.
Reserve ranks as the #938 cheapest out of 6,412 in the US.
The median home value in Reserve is $123,200.
The median income in Reserve is $47,134.
According to the most recent data on the cost of living, Reserve has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to Louisiana, Reserve has a cost of living index that's 0.9x lower than Louisiana's index of 92.
The standard of living in Reserve ranks as #25 most affordable out of the 109 places we measured in Louisiana. By definition, that implies Reserve ranks as the #84 most expensive place in the Pelican State.
For more reading on life in Reserve, check out:
Six factors go into calculating the cost of living index in Reserve. Here is how it fairs on each of the criteria:
The Services index in Reserve is 95.
The Groceries index in Reserve is 95.
The Health index in Reserve is 102.
The Housing index in Reserve is 69.
The Transportation index in Reserve is 101.
The Utilities index in Reserve is 95.
Living Expense | Reserve | Louisiana | National Average | |
---|---|---|---|---|
Overall | 86 | 92 | 100 | |
Services | 95 | 96 | 100 | |
Groceries | 95 | 96 | 100 | |
Health | 102 | 99 | 100 | |
Housing | 69 | 83 | 100 | |
Transportation | 101 | 96 | 100 | |
Utilities | 95 | 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 Reserve is $123,200.
The Median Rent in Reserve is $922.
The Median Income in Reserve is $47,134.
The Home Value To Income in Reserve is 2.6x.
The Rent To Monthly Income in Reserve is 0.23x.
Statistic | Reserve | Louisiana | United States |
---|---|---|---|
Median Home Value | $123,200 | $174,000 | $244,900 |
Median Rent | $922 | $923 | $1,163 |
Median Income | $47,134 | $53,571 | $69,021 |
Home Value To Income | 2.6x | 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 Reserve. Here's a quick look at the cost of living in the most populous nearby places:
Kenner, LA has a cost of living index of 99, 1.2x Reserve.
Laplace, LA has a cost of living index of 99, 1.2x Reserve.
Luling, LA has a cost of living index of 104, 1.2x Reserve.
City | Population | Cost Of Living | Vs. Reserve |
---|---|---|---|
Kenner, LA | 66,411 | 99 | 1.2x |
Laplace, LA | 29,129 | 99 | 1.2x |
Luling, LA | 14,115 | 104 | 1.2x |
Destrehan, LA | 11,827 | 103 | 1.2x |
St. Rose, LA | 7,764 | 95 | 1.1x |