Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Crime
This area exhibits elevated crime rates per 100,000 residents, which may suggest it's a potentially unsafe place to reside. These rates encompass both property and violent crimes.
Employment
Low income levels and high unemployment rates results in a low score in the employment category. It could prove difficult to find well-paying employment in this area.
Ferriday, Louisiana is a smaller city with a population of 3,247 residents. According to Census, the majority (88%) of Ferriday residents identify as Black or African American followed by 12% White and 0% Asian. If you are a young adult or student, you might be pleased to know that the average age of all Ferriday residents is 33. Ferriday is very likely to be a great place to live for singles as only 33%, of the population (over fifteen) are classified as married. Not a fan of sitting in traffic during your commute to work? Ferriday offers shorter work commutes, with an average one-way commute time taking only 20 minutes, far lower than the national average of 26 minutes.
Are you trying to decide if living in Ferriday is the right fit for your lifestyle? To ensure a good experience before relocating to any new city in Louisiana, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. To help you find the best places to live in and around Ferriday, AreaVibes has created a livability score using key metrics like amenities, cost of living, education, employment, housing and more.
Ferriday has a livability score of 61 out of 100 and is ranked #195 in Louisiana and #15,664 in the USA. For each of the livability categories, we can establish that Ferriday ranks very well for housing (B-). Ferriday does not score well for the following: amenities (F) and employment (F). It might be a good idea to take a closer look at each category to find out why.
Striving for a cost-effective lifestyle becomes increasingly essential, especially in light of the ongoing upward trajectory of everyday goods and services. In Ferriday, residents enjoy the privilege of a cost of living that is 22.03% below the national average. This favorable positioning extends its influence across a broad spectrum of expenses, encompassing not only goods and services but also housing costs, groceries and healthcare costs. Consequently, this locale emerges as a hub where your financial resources go further, allowing you to maintain an economical and sustainable way of life. This affordability becomes increasingly significant in an era marked by escalating expenses, rendering Ferriday an appealing destination for those in pursuit of financial prudence without sacrificing their quality of life.
The unemployment rate in Ferriday has consistently declined over the years and currently stands well below the national average at 0.04%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Ferriday market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Ferriday is actually affordable. Median real estate prices in Ferriday come in at $69,200, which is 53.3% lower than the Louisiana average. The home price to income ratio compares the median home prices to the median household income. In Ferriday, the home price to income ratio is 2.6, which is 21.2% lower than the Louisiana average.
| Statistic | Ferriday | Louisiana | National |
| Average one way commute | 20min | 25min | 26min |
| Workers who drive to work | 89.0% | 82.6% | 76.4% |
| Workers who carpool | 0.0% | 9.6% | 9.3% |
| Workers who take public transit | 0.0% | 1.3% | 5.1% |
| Workers who bicycle | 1.8% | 0.5% | 0.6% |
| Workers who walk | 4.5% | 1.8% | 2.8% |
| Working from home | 0.0% | 2.6% | 4.6% |
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