A+
10%
Overall NAT. AVG.
3%
Goods & Services NAT. AVG.
20%
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 DeRidder Louisiana National
Cost of living9091100
Goods & Services9796100
Groceries9595100
Health care9999100
Housing8081100
Transportation10796100
Utilities7184100

An Overview of Cost of Living in DeRidder, LA

Understanding the cost of living in DeRidder can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The DeRidder cost of living index is 90, which is 10% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

In DeRidder, daily expenses such as food, housing, goods and services, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in DeRidder will resemble that of an average city, contributing to a manageable cost of living.

Is DeRidder Affordable?

Is DeRidder 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 DeRidder, for instance, where the median home price falls 20.1% lower than the national average, and monthly rent rates are 18.2% lower than usual. Additionally, median income levels contribute to the equation, with DeRidder flaunting a median household income of $49,383, 10.7% lower than the national norm.

What Factors can Influence the Cost of Living in DeRidder?

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In DeRidder, the standard sales tax rate starts at 4.45%, and the income tax rates commence at 1.85%.

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 DeRidder, the utilities index registers at 28.7% 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 DeRidder, healthcare costs are 0.6% lower than the national average.

Where is the Data From?

The DeRidder 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 DeRidder is equal to the Louisiana average
  • The cost of living in DeRidder is 10% lower than the national average
  • DeRidder housing is 20% 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 DeRidder

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Compare DeRidder, 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$68,254$5,688$1,592$2,048
      Renters$31,890$2,658$744$957
      A good indicator of the general affordability of housing in DeRidder, 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 DeRidder, the median monthly income is $68,254 for those who own their own homes. Under the standard rule, that income level would allow for $1,592 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $31,890, per the median income in the area. That would allow for renters to spend up to $744 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 DeRidder National avg. Difference
      Haircut $28.06$24.2615.6%
      Beauty Salon $36.33$45.5620.3%
      Toothpaste $3.55$3.704.0%
      Shampoo $1.16$1.289.2%
      Movie $8.80$12.1327.5%
      Bowling $13.11$18.0027.2%

      Groceries

      Item DeRidder National avg. Difference
      Ground Beef $5.20$5.8411.0%
      Fried Chicken $1.40$1.5711.0%
      Milk $4.49$4.673.9%
      Potatoes $5.35$4.938.5%
      Pizza $10.35$12.0914.3%
      Beer $9.97$10.414.2%

      Health Care

      Item DeRidder National avg. Difference
      Optometrist $122.17$125.682.8%
      Doctor $140.61$135.783.6%
      Dentist $115.15$113.291.6%
      Ibuprofen $10.15$10.654.7%
      Lipitor $532.22$468.6013.6%

      Housing

      Item DeRidder National avg. Difference
      Home Price $147,600.00$184,700.0020.1%
      Avg. Mortgage Payment $1,906.83$2,346.6918.7%
      Apartment Rent $776.00$949.0018.2%

      Transportation

      Item DeRidder National avg. Difference
      Gasoline $3.08$3.4610.9%
      Tire Balancing $50.28$59.9216.1%

      Utilities

      Item DeRidder National avg. Difference
      All Electricity $127.90$193.9934.1%
      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.
      Singer, LA306955.5%
      Merryville, LA1,2147722.8%
      Rosepine, LA1,7768812.1%
      Fort Polk South, LA8,823991.5%
      DeRidder, LA10,955909.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Placerville, CA10,95413130.5%
      Dobbs Ferry, NY10,95917372.5%
      Raymondville, TX10,9507227.9%
      Mount Kisco, NY10,94914140.7%
      Montmagny, QC10,961n/a 
      DeRidder, LA10,955909.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.