Cost of living in Scott 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 Scott 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 Scott is 92, with 100 being the average.
The cost of living index in Scott is 0.9x lower than the national average.
Scott ranks as the #63 cheapest in Louisiana out of 109.
Scott ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Scott is $125,500.
The median income in Scott is $61,958.
According to the most recent data on the cost of living, Scott has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Louisiana, Scott has a cost of living index that's 1.0x lower than Louisiana's index of 92.
The standard of living in Scott ranks as #63 most affordable out of the 109 places we measured in Louisiana. By definition, that implies Scott ranks as the #46 most expensive place in the Pelican State.
For more reading on life in Scott, check out:
Six factors go into calculating the cost of living index in Scott. Here is how it fairs on each of the criteria:
The Services index in Scott is 99.
The Groceries index in Scott is 103.
The Health index in Scott is 94.
The Housing index in Scott is 84.
The Transportation index in Scott is 100.
The Utilities index in Scott is 92.
Living Expense | Scott | Louisiana | National Average | |
---|---|---|---|---|
Overall | 92 | 92 | 100 | |
Services | 99 | 96 | 100 | |
Groceries | 103 | 96 | 100 | |
Health | 94 | 99 | 100 | |
Housing | 84 | 83 | 100 | |
Transportation | 100 | 96 | 100 | |
Utilities | 92 | 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 Scott is $125,500.
The Median Rent in Scott is $840.
The Median Income in Scott is $61,958.
The Home Value To Income in Scott is 2.0x.
The Rent To Monthly Income in Scott is 0.16x.
Statistic | Scott | Louisiana | United States |
---|---|---|---|
Median Home Value | $125,500 | $174,000 | $244,900 |
Median Rent | $840 | $923 | $1,163 |
Median Income | $61,958 | $53,571 | $69,021 |
Home Value To Income | 2.0x | 3.2x | 3.5x |
Rent To Monthly Income | 0.16x | 0.21x | 0.2x |