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North Louisiana’s Cost of Living
North Louisiana residents enjoy a low cost of living, low housing costs and low unemployment rates which allow for a high standard of living. Both the Monroe-West Monroe Metropolitan Statistical Area (MSA) and the Shreveport-Bossier MSA experience a cost of living below the national average in every category: food, housing, transportation, utilities, health care, and miscellaneous goods/services.
Monroe-West Monroe residents enjoy a cost of living that's only 92.6% of the national average, while the cost of living in Shreveport-Bossier is just 95.2% of the national average.
Meanwhile, property values in North Louisiana have remained stable or continued to grow despite the national real estate crash. The American dream of owning your home is still within reach in North Louisiana with median home prices ranging from $150,000 to $172,156.
North Louisiana's Cost of Living Components
|
MSA |
Composite (weight=>) |
Grocery (12.49%) |
Housing (29.18%) |
Utilities (9.98%) |
Transp. (11.1%) |
Health Care (4.06%) |
Misc. Gd & Svc (33.19%) |
|
U.S. |
100 |
100 |
100 |
100 |
100 |
100 |
100 |
|
Monroe |
92.6 |
95.8 |
82.8 |
89.3 |
97.5 |
95.8 |
99.3 |
|
Shreveport |
95.2 |
95.2 |
93.3 |
89.6 |
93.4 |
92.9 |
99.5 |
Source: Council for Community and Economic Research (Monroe MSA data collected by ULM CBER (2010)
Median Home Prices
|
North Louisiana Median Home Prices |
|
Monroe MSA |
Shreveport MSA |
|
$150,000 |
$172,156 |
Median Home Price Index
