A-
6%
Overall NAT. AVG.
3%
Goods & Services NAT. AVG.
12%
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 Woodmere Louisiana National
Cost of living9491100
Goods & Services10396100
Groceries9695100
Health care11499100
Housing8881100
Transportation9296100
Utilities7884100

An Overview of Cost of Living in Woodmere, LA

Knowing the cost of living in Woodmere 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 Woodmere stands at 94, marking it 6% lower than the national average.

The cost of living in Woodmere is about average when compared to all other cities across the nation. You can expect that everyday items like food, goods and services and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.

Is Woodmere Affordable?

Is Woodmere an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Woodmere is 24.5% lower than the national average, while the average monthly rent prices are 17.8% higher than average. The affordability of any location can also be influenced by median income levels. Woodmere has a median household income of $49,710, which is 10.1% lower than the national average.

What Factors can Influence the Cost of Living in Woodmere?

Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Woodmere, the groceries index registers 4.4% lower than the national average.

Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Woodmere, the transportation index is 8.1% lower than the national average.

Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.

Where is the Data From?

The Woodmere 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. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Woodmere is 4% higher than the Louisiana average
  • The cost of living in Woodmere is 6% lower than the national average
  • Woodmere housing is 12% 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 Woodmere

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Compare Woodmere, 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$55,241$4,603$1,289$1,657
      Renters$29,519$2,460$689$886
      A good indicator of the general affordability of housing in Woodmere, 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 Woodmere, the median monthly income is $55,241 for those who own their own homes. Under the standard rule, that income level would allow for $1,289 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $29,519, per the median income in the area. That would allow for renters to spend up to $689 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 Woodmere National avg. Difference
      Haircut $21.67$24.2610.7%
      Beauty Salon $43.17$45.565.3%
      Toothpaste $3.57$3.703.6%
      Shampoo $1.22$1.284.5%
      Movie $13.30$12.139.6%
      Bowling $12.33$18.0031.5%

      Groceries

      Item Woodmere National avg. Difference
      Ground Beef $6.15$5.845.3%
      Fried Chicken $1.39$1.5711.6%
      Milk $4.55$4.672.5%
      Potatoes $5.31$4.937.5%
      Pizza $12.61$12.094.3%
      Beer $10.23$10.411.7%

      Health Care

      Item Woodmere National avg. Difference
      Optometrist $128.17$125.682.0%
      Doctor $127.78$135.785.9%
      Dentist $129.44$113.2914.3%
      Ibuprofen $10.46$10.651.8%
      Lipitor $482.03$468.602.9%

      Housing

      Item Woodmere National avg. Difference
      Home Price $139,500.00$184,700.0024.5%
      Avg. Mortgage Payment $1,882.94$2,346.6919.8%
      Apartment Rent $1,118.00$949.0017.8%

      Transportation

      Item Woodmere National avg. Difference
      Gasoline $3.14$3.469.2%
      Tire Balancing $68.00$59.9213.5%

      Utilities

      Item Woodmere National avg. Difference
      All Electricity $149.86$193.9922.8%
      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.
      Pleasure Bend, LA3008416.1%
      Bridge City, LA6,4098811.6%
      Avondale, LA4,8899010.3%
      Westwego, LA8,411909.7%
      St. Rose, LA6,770918.6%
      Woodmere, LA10,908945.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Burlington, WI10,9111022.3%
      Riverton, WY10,913928.2%
      Maynard, MA10,90013635.8%
      Waggaman, LA10,917927.9%
      Waynesboro, PA10,898990.8%
      Woodmere, LA10,908945.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.