A+
10%
Overall NAT. AVG.
12%
Goods & Services NAT. AVG.
7%
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 Claiborne Louisiana National
Cost of living9091100
Goods & Services8896100
Groceries9495100
Health care10399100
Housing9381100
Transportation8896100
Utilities7884100

An Overview of Cost of Living in Claiborne, LA

Knowing the cost of living in Claiborne 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 Claiborne stands at 90, marking it 10% lower than the national average.

Everyday essentials such as clothing, personal hygiene products and entertainment all contribute to your overall cost of living. The good news is that in Claiborne, these goods and services come in at 11.9% less than the national average. This means you can enjoy the things you need and love without breaking the bank. With such savings, you have the opportunity to allocate more funds towards your savings or other financial goals, ultimately enhancing your financial well-being.

Is Claiborne Affordable?

Wondering if Claiborne is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Claiborne, for example, the median home price is 11.1% lower than what folks pay nationally, and monthly rent is 2.1% higher than the usual rates. Plus, income levels matter too, with Claiborne boasting a median household income of $70,170, which is 26.8% higher than the national average.

What Factors can Influence the Cost of Living in Claiborne?

Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Claiborne, the groceries index is 6% lower than the national average.

Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Claiborne, healthcare costs are 3.1% higher than the national average.

Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.

Where is the Data From?

The Claiborne 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 Claiborne is 1% lower than the Louisiana average
  • The cost of living in Claiborne is 10% lower than the national average
  • Claiborne housing is 7% 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 Claiborne

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Compare Claiborne, 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$76,852$6,404$1,793$2,306
      Renters$45,781$3,815$1,068$1,374
      A good indicator of the general affordability of housing in Claiborne, LA, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Claiborne, the median monthly income is $76,852 for those who own their own homes. Under the standard rule, that income level would allow for $1,793 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $45,781, per the median income in the area. That would allow for renters to spend up to $1,068 on monthly rental expenses.

      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 Claiborne 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 Claiborne 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 Claiborne 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 Claiborne National avg. Difference
      Home Price $164,200.00$184,700.0011.1%
      Avg. Mortgage Payment $3,477.84$2,346.6948.2%
      Apartment Rent $969.00$949.002.1%

      Transportation

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

      Utilities

      Item Claiborne 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.
      Eros, LA2047524.9%
      Bawcomville, LA2,1507524.6%
      Richwood, LA4,7787624.4%
      Brownsville, LA3,7187623.7%
      West Monroe, LA12,4318316.7%
      Claiborne, LA11,9049010.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Trophy Club, TX11,90413737.3%
      Weatherford, OK11,908936.8%
      Clawson, MI11,9091010.8%
      Meaford, ON11,896n/a 
      Sedro-Woolley, WA11,91912020.2%
      Claiborne, LA11,9049010.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.