A+
23%
Overall NAT. AVG.
12%
Goods & Services NAT. AVG.
51%
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 Bastrop Louisiana National
Cost of living7791100
Goods & Services8896100
Groceries9495100
Health care10399100
Housing4981100
Transportation8896100
Utilities7884100

An Overview of Cost of Living in Bastrop, LA

Knowing the cost of living in Bastrop allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Bastrop stands at 77, marking it 23% lower than the national average.

According to the latest cost of living report, Bastrop stands out as one of the most budget-friendly places to reside in the nation. In fact, only a handful of cities boast a cost of living index that is at least 20% below the national average, and Bastrop proudly belongs to that select group. This underscores the exceptional affordability of this region in comparison to other urban centers.

Housing costs often consume a significant share of your take-home income, often surpassing 30%. Fortunately, Bastrop distinguishes itself by reporting housing expenses that are 50.9% below the national average. This indicates that both owning a home and renting in this area are notably more budget-friendly compared to the rest of the nation. With such favorable housing affordability, residents of Bastrop can allocate more of their income to housing, enhancing their financial flexibility.

Everyday necessities such as clothing, personal hygiene products and recreational activities collectively contribute to the overall cost of living. The favorable news is that in Bastrop, these essential goods and services are priced 11.9% below the national average. This translates to the ability to procure essential items and indulge in leisure activities without depleting one's financial resources excessively. With the resulting savings, individuals have the opportunity to allocate additional funds towards their savings or other financial objectives.

Is Bastrop Affordable?

Is Bastrop affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Bastrop, for instance, where the median home price falls 55.4% lower than the national average, and monthly rent rates are 40.3% lower than usual. Additionally, median income levels contribute to the equation, with Bastrop flaunting a median household income of $23,153, 58.1% lower than the national norm.

What Factors can Influence the Cost of Living in Bastrop?

Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Bastrop, the transportation index is 12.4% lower than the national average.

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 Bastrop, healthcare costs are 3.1% higher than the national average.

Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Bastrop, the utilities index registers 22% lower than the national average.

Where is the Data From?

The cost of living in Bastrop, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Bastrop is 15% lower than the Louisiana average
  • The cost of living in Bastrop is 23% lower than the national average
  • Bastrop housing is 51% 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 Bastrop

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Compare Bastrop, 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$27,314$2,276$637$820
      Renters$19,491$1,624$455$585
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Bastrop, LA, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Bastrop homeowners, is $27,314. This would allow for a maximum of $637 per month to be spent on housing costs. For renters, the median monthly income is $19,491 which would result in a maximum of $455 to be spent on rental costs.

      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 Bastrop National avg. Difference
      Haircut $23.22$24.264.3%
      Beauty Salon $46.11$45.561.2%
      Toothpaste $3.52$3.704.9%
      Shampoo $1.33$1.283.9%
      Movie $12.98$12.137.0%
      Bowling $20.00$18.0011.1%

      Groceries

      Item Bastrop National avg. Difference
      Ground Beef $6.31$5.848.0%
      Fried Chicken $1.67$1.576.2%
      Milk $4.61$4.671.3%
      Potatoes $5.17$4.934.8%
      Pizza $10.99$12.099.1%
      Beer $9.63$10.417.5%

      Health Care

      Item Bastrop National avg. Difference
      Optometrist $110.11$125.6812.4%
      Doctor $173.89$135.7828.1%
      Dentist $128.33$113.2913.3%
      Ibuprofen $10.39$10.652.5%
      Lipitor $524.60$468.6012.0%

      Housing

      Item Bastrop National avg. Difference
      Home Price $82,300.00$184,700.0055.4%
      Avg. Mortgage Payment $3,477.84$2,346.6948.2%
      Apartment Rent $567.00$949.0040.3%

      Transportation

      Item Bastrop National avg. Difference
      Gasoline $3.15$3.469.0%
      Tire Balancing $56.44$59.925.8%

      Utilities

      Item Bastrop National avg. Difference
      All Electricity $126.52$193.9934.8%
      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.
      Collinston, LA1736931.2%
      Mer Rouge, LA5967921.1%
      Bonita, LA1908218.5%
      Oak Ridge, LA1138515.5%
      Sterlington, LA2,7538515.2%
      Bastrop, LA10,0607723.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Cedartown, GA10,0628614.3%
      Winterville, NC10,062946.2%
      Purcellville, VA10,06314444.4%
      Marina del Rey, CA10,065212111.5%
      Waldwick, NJ10,05114343.4%
      Bastrop, LA10,0607723.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.