Cost of Living
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. Once you experience North Louisiana, you'll never live elsewhere.

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 City MSA deliver a cost of living below the national average. Monroe and Shreveport rank as one of the most affordable places to live in the state. Shreveport-Bossier City residents enjoy a cost of living that's only 91.9 percent of the national average, according to the Cost of Living Index for the second quarter of 2020. The cost of living in the Monroe MSA was 88.5 percent of the national average (COLI, Q1 2020). 

The Cost of Living Index, compiled by the Council for Community and Economic Research (C2ER), is based on more than 90,000 prices collected during the same period of time by chambers of commerce, economic development organizations, and universities in participating urban areas across the United States. NLEP gathers the pricing information for the Shreveport-Bossier MSA, and the ULM Center for Business and Economic Research gathers the data for the Monroe MSA. Use the COLI calculator below to compare the cost of living between North Louisiana and other communities in the country.  

Source: Q2 2020COLI

Use the following calculator to compare the cost of living in North Louisiana to other communities in the United States. Scroll down to see comparisons. 

North Louisiana's Cost of Living Components

(2019 Annual Average)

MSA Composite (100%) Grocery (13.89%) Housing (27.53%) Utilities (9.55%) Transp. (9.20%) Health Care (4.31%) Misc. Goods & Services (35.52%)
U.S. 100 100 100 100 100 100 100
Monroe 88.5 94.3 83.3 80.4 91.4 93.5 91.0
 Shreveport Bossier 91.9 98.4 79.6 87.8 95.3 101.1 98.1
Source:  C2ER Cost of Living Index, Q1 2020

North Louisiana Housing Market

Property values in North Louisiana have remained stable or continued to grow.  The American dream of owning your home is still within reach in North Louisiana with median home values, ranging from $142,060 to $144,800.  The median monthly home costs including the mortgage range from $1,178 to $1,161. (U.S. Census, 2020) 

MSA Median Value
Shreveport Bossier $144,800
Monroe $142,060
* U.S. Census Quick Facts (2020)