B+
1%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
14%
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 Broussard Louisiana National
Cost of living10191100
Goods & Services9896100
Groceries9595100
Health care8599100
Housing11481100
Transportation9496100
Utilities8984100

An Overview of Cost of Living in Broussard, LA

The cost of living in Broussard affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Broussard is 101, which is 1% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

Everyday expenditures like food, housing, goods and services, transportation and health care in Broussard are priced in a manner consistent with other areas. This means that residents of Broussard can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Is Broussard Affordable?

Is Broussard 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 Broussard, the median home price is 23.5% higher than the national average and monthly rent prices are 6.6% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Broussard boasting a median household income of $76,515, 38.3% higher than the national average.

What Factors can Influence the Cost of Living in Broussard?

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.

Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Broussard, the housing index comes in at 14.5% higher than the national average.

Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Broussard, the utilities index registers at 10.7% lower than the national average.

Where is the Data From?

The Broussard cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Broussard is 11% higher than the Louisiana average
  • The cost of living in Broussard is 1% higher than the national average
  • Broussard housing is 14% higher 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 Broussard

See all the best places to live around Broussard

Compare Broussard, LA Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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$86,577$7,215$2,020$2,598
      Renters$45,167$3,764$1,054$1,355
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Broussard, LA, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Broussard, homeowners have a median income of $86,577. Using that number, a maximum of $2,020 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $45,167, which means there is a maximum of $1,054 to be spent on the costs of renting a home or apartment.

      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 Broussard 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 Broussard 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 Broussard 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 Broussard National avg. Difference
      Home Price $228,100.00$184,700.0023.5%
      Avg. Mortgage Payment $1,473.88$2,346.6937.2%
      Apartment Rent $886.00$949.006.6%

      Transportation

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

      Utilities

      Item Broussard 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%
      Cankton, LA8968119.0%
      Delcambre, LA2,0798317.1%
      Henderson, LA2,2618316.8%
      Duson, LA1,6958316.7%
      Broussard, LA12,2481010.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Carnot-Moon, PA12,2421021.6%
      White House, TN12,2581032.8%
      Kelso, WA12,2371065.6%
      Holly Hill, FL12,259928.4%
      Palmer Town, MA12,2361076.7%
      Broussard, LA12,2481010.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.