A+
16%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
42%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Abbeville Louisiana National
Cost of living8491100
Goods & Services9896100
Groceries9595100
Health care8599100
Housing5881100
Transportation9496100
Utilities8984100

An Overview of Cost of Living in Abbeville, LA

Getting a feel for the cost of living in Abbeville is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Abbeville is 84, which is 16% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

Housing expenses can absorb a substantial portion of your net income, sometimes exceeding 30%. Thankfully, Abbeville stands out by reporting housing costs that are 41.6% lower than the national average. This signifies that both homeownership and rental expenses in this region are considerably more budget-friendly compared to the rest of the country. With such favorable housing affordability, residents of Abbeville can allocate a more reasonable portion of their income to housing, allowing for greater financial flexibility.

Is Abbeville Affordable?

Is Abbeville affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Abbeville, the median home price is 48.2% lower than the national average and monthly rent prices are 26.3% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Abbeville boasting a median household income of $34,555, 37.5% lower than the national average.

What Factors can Influence the Cost of Living in Abbeville?

Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Abbeville, the prevailing sales tax rate starts at 4.45%, and income tax rates kick off at 1.85%.

Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Abbeville, healthcare costs are 15.5% lower than the national average.

Where is the Data From?

The cost of living data in Abbeville displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Abbeville is 7% lower than the Louisiana average
  • The cost of living in Abbeville is 16% lower than the national average
  • Abbeville housing is 42% lower than the national average
  • Louisiana general sales tax is 13% lower than the national average
  • Louisiana state income tax is 29% lower than the national average

Most Affordable Places to Live in and Around Abbeville

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Compare Abbeville, LA Cost of Living

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$44,932$3,744$1,048$1,348
      Renters$25,231$2,103$589$757
      A good way to judge both the affordability of the housing and the cost of living in Abbeville is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Abbeville has a median income of about $44,932 for people who own homes. Based on that number, a maximum of $1,048 should be spent on expenses related to housing. Renters have a slightly different median income, which is $25,231. Based on this average, renters should spend no more than $589 on all rental costs if they want to maintain a non-impoverished standard of living.

      Louisiana Sales Tax

      State General Sales Tax With Max Surtax
      Louisiana 4.45% 11.45%

      Louisiana Income Tax

      State Income Tax (Low) Income Tax (High)
      Louisiana 1.85% 4.25%

      Goods & Services

      Item Abbeville National avg. Difference
      Haircut $26.20$24.268.0%
      Beauty Salon $42.83$45.566.0%
      Toothpaste $3.56$3.703.8%
      Shampoo $1.09$1.2815.1%
      Movie $10.94$12.139.8%
      Bowling $17.53$18.002.6%

      Groceries

      Item Abbeville National avg. Difference
      Ground Beef $5.19$5.8411.2%
      Fried Chicken $1.42$1.579.9%
      Milk $4.51$4.673.4%
      Potatoes $5.01$4.931.5%
      Pizza $11.51$12.094.8%
      Beer $9.91$10.414.8%

      Health Care

      Item Abbeville National avg. Difference
      Optometrist $146.24$125.6816.4%
      Doctor $113.67$135.7816.3%
      Dentist $119.98$113.295.9%
      Ibuprofen $10.04$10.655.7%
      Lipitor $515.16$468.609.9%

      Housing

      Item Abbeville National avg. Difference
      Home Price $95,700.00$184,700.0048.2%
      Avg. Mortgage Payment $1,473.88$2,346.6937.2%
      Apartment Rent $699.00$949.0026.3%

      Transportation

      Item Abbeville National avg. Difference
      Gasoline $3.31$3.464.5%
      Tire Balancing $81.71$59.9236.4%

      Utilities

      Item Abbeville National avg. Difference
      All Electricity $106.81$193.9944.9%
      Phone $186.90$192.252.8%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Cade, LA2,053954.9%
      Kaplan, LA4,4637921.1%
      Delcambre, LA2,0798317.1%
      Erath, LA2,2868514.5%
      Maurice, LA2,186972.5%
      Abbeville, LA12,1678416.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Lake City, FL12,1668811.8%
      Mendota, CA12,1731044.5%
      Parker, SC12,1758614.2%
      James Island, SC12,15712423.9%
      Braselton, GA12,17811414.3%
      Abbeville, LA12,1678416.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.