The median home price in Louisiana is $194,453, which has decreased by 2.9% since last year. The Louisiana housing market has witnessed an 18.5% year-over-year increase in the number of homes listed. However, there’s only a 3-month supply left. This tight inventory is expected to drive an increase in the median sale price.
As per our research, home prices are relatively higher in southern cities like New Orleans. On the other hand, as you move towards the northern areas of the Bayou State, like Bastrop, you can find cheaper housing options.
4 Reasons to live in Louisiana 🏙️
- Cheaper Houses: The median home sale price in Louisiana is ~$194K but you can get houses between $73K and $114K in cities like Bastrop, Bogalusa, and Crowley.
- Tax Exemptions: Louisiana state provides tax exemptions at state level on groceries, prescription drugs and feminine hygiene products.
- Affordable Utilities: Monthly utilities in cities that are listed below is up to 13% lower than the national average.
- Cheaper Rentals: The rent prices of these cities are lower than the state average and national average. You can save up to $550 per month in rent.
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Cheapest Places to Live in Louisiana in 2024
This list provides insights into the average household income, median listing price, population, unemployment rate, and poverty rate of the cities.
| City | Median Household Income | Median Home Value | Population | Unemployment Rate | Poverty Rate |
|---|---|---|---|---|---|
| Bastrop | $23,955 | $73,557 | 9,879 | 8.3% | 44% |
| Bogalusa | $39,168 | $81,266 | 45,794 | 6.8% | 24.7% |
| Jeanerette | $46,125 | $92,686 | 4,892 | 8.4% | 23.5% |
| Franklin | $33,390 | $95,243 | 6,811 | 4.6% | 22.5% |
| Jennings | $37,301 | $115,107 | 9,836 | 5.5% | 19.9% |
| Eunice | $35,982 | $116,312 | 9,589 | 4.3% | 33.8% |
| Crowley | $28,775 | $117,625 | 11,916 | 5.7% | 42.3% |
7 Cheapest Places to Live in LA
The annual population has grown by 45,606 individuals since 2010 and reflects people’s intention to move to Louisiana. If you’re considering shifting to Louisiana, here are some cities that offer affordable living options:
1. Bastrop
| 🟢 Cost of Living Compared to National Average | 24.6%⬇️ |
| 🏡 Median Home Price | $73,557 |
| 💲 Median Rent | $615 |
| 🖼️ Known For | Snyder Museum |
Bastrop is an affordable place to live in Louisiana. Its median house rent ranges from $396 – $625. A low cost of living and affordable housing make this a great place to live.
The pleasant quality of life in the town is contributed by proximity to outdoor recreational areas, such as Chemin-A-Haut State Park. The park actively hosts events such as the Chemin-a-Haut Trail Run & Walk.
Bastrop also hosts a great educational infrastructure. River Oaks School and Ouachita Christian School are recognized private schools in Bastrop that offer alternative education choices.
» Homes for Sale in Bastrop, LA: Find your dream home in this city.
2. Bogalusa
| 🟢 Cost of Living Compared to National Average | 19.3%⬇️ |
| 🏡 Median Home Price | $81,266 |
| 💲 Median Rent | $700 |
| 🏇 Known For | Splendor Farms |
Bogalusa is one of Louisiana’s most budget-friendly rental destinations, with an average home rent of $700. It also offers affordable transportation, which is 8.5% lower than the national average.
Bogalusa has a great medical infrastructure with hospitals like Our Lady of the Angels Hospital and Bogalusa Medical Center. Bogulsa also fosters a sense of community, and its location grants access to outdoor activities like hiking, biking, and horseback riding in the Bogue Chitto State Park.
» Homes for Sale in Bogalusa, LA: Browse thousands of property listings in Bogalusa.
3. Jeanerette
| 🟢 Cost of Living Compared to National Average | 17.5%⬇️ |
| 🏡 Median Home Price | $92,686 |
| 💲 Median Rent | $445 |
| 🌶️ Known For | TABASCO Factory |
With rental costs below the national average, Jeanerette stands as one of the most affordable cities to live in Louisiana. The house rent price is $445, 77.7% less than the national average.
Jeanerette is known as the “Sugar City” because of its rich farming history. The city’s location along Bayou Teche enhances its appeal by offering residents opportunities for outdoor activities like freshwater fishing. It also has an educational school system that consists of Jeanerette High School, Jeanerette Middle School, and Jeanerette Elementary School.
» Homes for Sale in Jeanerette, LA: View all the properties for sale in this city.
4. Franklin
| 🟢 Cost of Living Compared to National Average | 22.8%⬇️ |
| 🏡 Median Home Price | $95,243 |
| 💲 Median Rent | $280 |
| 🎋 Known For | Forest Restaurant |
Franklin offers budget-friendly living with a median rent of $399, $1601 lower than the national median of $2000. With monthly utilities costs 22.8% lower than the national average, the city stands out as one of the most inexpensive places to live in Louisiana.
Many people often appreciate Franklin, Louisiana, as a good place to live because its charming historic downtown offers a glimpse into the town’s cultural heritage. Local attractions include the Grevemberg House Museum, showcasing regional history and art, and the Teche Theatre for the Performing Arts for cultural experiences.
» Homes for Sale in Franklin, LA: Browse through thousands of affordable properties.
5. Jennings
| 🟢 Cost of Living Compared to National Average | 18,7%⬇️ |
| 🏡 Median Home Price | $115,107 |
| 💲 Median Rent | $475 |
| 🐊 Known For | Gator Chateau |
Jennings’ cost of living is 18.7% lower than the national average. The average grocery expenses are 10.9% lower than the national average.
The city is situated on Interstate 10 between Lafayette and Lake Charles. Jennings is a small town with historical significance in the oil industry, earning it the nickname “The Cradle of Louisiana Oil.” Jennings takes pride in its lively Cajun heritage. This is evident in the local eateries, music spots, and festivals, contributing to a dynamic cultural atmosphere.
» Homes for Sale in Jennings, LA: Browse through thousands of properties in this flagship city.
6. Eunice
| 🟢 Cost of Living Compared to National Average | 20.8%⬇️ |
| 🏡 Median Home Price | $116,312 |
| 💲 Median Rent | $452 |
| 🎭 Known For | Liberty Theater |
The house rent in Eunice is between $452 – $695. With an average household income of $37,828, you can comfortably live in this city.
Eunice attracts large oil field services support companies and associated light manufacturing operations, providing economic opportunities. The city also has a vibrant cultural scene, especially the renowned Cajun and Zydeco music traditions.
» Homes for Sale in Eunice, LA: Find a home in one of the cheapest places to live in Louisiana.
7. Crowley
| 🟢 Cost of Living Compared to National Average | 16.5%⬇️ |
| 🏡 Median Home Price | $114,473 |
| 💲 Median Rent | $575 |
| ⛪ Known For | Heart Of Mary Catholic Church |
Crowley is one of the best places to live in Louisiana. An individual’s monthly expenditure on groceries is less than 10.7% of the national average.
Crowley is known for hosting one of the largest and oldest agricultural festivals. These festivals celebrate the region’s rice milling heritage, adding a cultural and festive dimension to the community.
This city also provides good educational facilities with schools like Lafayette Christian Academy and Crowley Middle School.
» Homes for Sale in Crowley, LA: Get yourself a home in this vibrant town.
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The Bottom Line
The cost of living in Louisiana is 8% lower than the national average. However, the Bayou State is still home to some of the nation’s most expensive cities, like Douglass Hills and Union. However, if you want to shift to Kentucky, you can find affordable housing in cities like Bastrop, Jeanerette, and Bogalusa.
Cities like Eunice and Franklin have a slightly expensive cost of living but provide better job opportunities. It would help if you researched the city’s home prices and living costs before relocating.
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View 3,878 Homes For Sale in Louisiana
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Research Methodology
We’ve created this list by considering factors such as cost of living, median home price, and rental price range. We have also accounted for these cities’ population, median household income, poverty rate, and unemployment rate.
To compile this list of the cheapest areas to live in Louisiana, we have drawn data from the Economic Research Institute, World Population Review, Rent Cafe, and Zillow.
FAQs
What is the cheapest place to live in Louisiana?
The cheapest place to live in Louisiana is Bastrop.
» 7 Cheapest Places to Live in Louisiana: Find out the other cheapest places to live in Louisiana!
Is Louisiana the cheapest place to live in?
No, it is not. The median home value is $194,453. If you're looking for cities with affordable housing and a low cost of living, you can try your luck in some of these cheapest places in America.
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