Quick facts: Grand isle, LA

Quick Facts

98.7
Cost of Living
below US average
995
Population
12.06
Crime Rate per 1000
below US average
$43,333
Median Income
below US average
$170,000
Median House Price
above US average
$3700.0
Average Rent
above US average
12%
Poverty Rate
above 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 $43,333.

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Income Needed to Buy

βœ— Stretch
$53k/year
Based on $170,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $53k vs median $43,333
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Income Needed to Rent

⚠ Stretch
$159k/year
Based on $3700.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $159k vs median $43,333
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Grand isle, LA

Grand Isle, Louisiana, is a picturesque barrier island located in the Gulf of Mexico, approximately 100 miles south of New Orleans. Known for its stunning coastal landscapes, the island is a popular destination for fishing, birdwatching, and beach activities. With a population of around 1,500 residents, Grand Isle boasts a tight-knit community atmosphere and offers a charming blend of local culture and natural beauty. The island is famous for its beautiful beaches, which attract both tourists and locals alike, especially in the summer months. Grand Isle State Park provides opportunities for camping, hiking, and enjoying the diverse wildlife, including various bird species and marine life. Fishing enthusiasts flock to Grand Isle for its rich fishing grounds, benefiting from both saltwater and freshwater options. In addition to its outdoor attractions, Grand Isle hosts various events throughout the year, including the Grand Isle Tarpon Rodeo, which celebrates local fishing traditions. Visitors can enjoy fresh seafood from local restaurants, and the island's laid-back vibe makes it a perfect getaway for relaxation and adventure. Overall, Grand Isle is a hidden gem that showcases the natural beauty and cultural heritage of Louisiana’s coastline.

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