The American dream is still alive in North Louisiana, where the low cost of living allows a higher standard of living. Many who move here can afford to purchase their first home or buy a larger home for the money. The median housing price ranges from $150,000 to $172,000. Once you experience North Louisiana, you'll never live elsewhere.
My Favorites
Add Page
Print
Share
You have 0 items saved in "My Favorites"
Use "My Favorites" to collect pages, downloads, properties, companies, and reports that you would like to keep in one place. To store a page, click on the "Add to My Favorites" button at the top of the page. To store a download, click on the plus button next to the download link. To store a property or company, click on the "Add to My Favorites" button listed next to each listing. Reports that are generated are automatically saved to My Favorites. My Favorites will be saved for seven days.
VIEW & EDIT MY FAVORITES

North Louisiana’s Cost of Living

North Louisiana residents enjoy a low cost of living, low housing costs and low unemployment rates which allow for a high standard of living.  Both the Monroe-West Monroe Metropolitan Statistical Area (MSA) and the Shreveport-Bossier MSA experience a cost of living below the national average in every category: food, housing, transportation, utilities, health care, and miscellaneous goods/services.

Monroe-West Monroe residents enjoy a cost of living that's only 92.6% of the national average, while the cost of living in Shreveport-Bossier is just 95.2% of the national average.

Meanwhile, property values in North Louisiana have remained stable or continued to grow despite the national real estate crash.  The American dream of owning your home is still within reach in North Louisiana with median home prices ranging from $150,000 to $172,156.  

 


North Louisiana's Cost of Living Components

 MSA

  Composite (weight=>)

 Grocery (12.49%)

 Housing (29.18%)

 Utilities (9.98%)

Transp. (11.1%) 

Health Care (4.06%)

Misc. Gd & Svc (33.19%)

 U.S.

 100   

 100

 100

 100

 100

100

100

Monroe

92.6

95.8

82.8

89.3

 97.5

95.8

99.3

Shreveport

95.2

95.2

93.3

89.6

93.4

92.9

99.5

Source:  Council for Community and Economic Research (Monroe MSA data collected by ULM CBER (2010)


Median Home Prices

 North Louisiana Median Home Prices 

 Monroe MSA

 Shreveport MSA

 $150,000

 $172,156


Median Home Price Index