Quick facts: Broussard, LA

Quick Facts

98.7
Cost of Living
below US average
14,186
Population
25.52
Crime Rate per 1000
above US average
$94,912
Median Income
above US average
$275,000
Median House Price
above US average
$1804.25
Average Rent
above US average
10%
Poverty Rate
below US average
5.0%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $94,912.

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Income Needed to Buy

βœ“ Affordable
$86k/year
Based on $275,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($94,912) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$77k/year
Based on $1804.25/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($94,912) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Broussard, LA

Broussard is a charming city located in Lafayette Parish, Louisiana, just a few miles southwest of Lafayette. With a population of around 8,000 residents, Broussard offers a small-town atmosphere while being in proximity to larger urban amenities. The city is known for its rich history and vibrant culture, showcasing a blend of Cajun and Creole influences. Broussard's downtown area features quaint shops, local eateries, and beautiful parks, making it an inviting space for both residents and visitors. The city is home to several annual events, such as the Cajun Heartland State Fair, which celebrates the region's unique heritage. Outdoor enthusiasts can enjoy recreational activities at nearby parks and facilities, as well as engage in fishing and hiking opportunities in the surrounding areas. Education is supported by the Lafayette Parish School System, which provides quality options for local families. Additionally, Broussard's strategic location makes it easy to access the larger city of Lafayette for more extensive shopping, dining, and entertainment while maintaining a peaceful suburban lifestyle.

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