Cost of Living in New iberia, LA
Housing
The housing market plays a significant role in determining the cost of living in New iberia, LA.
- Housing Index: 96.3 / 100
- Median Home Price is: $155,000
- Average Rent (2 BR Apartment): $935 per month
- Average Rent (2 BR House): $1016 per month
Considering a move to New iberia, LA? The housing index of 96.3 indicates a slightly below-average affordability compared to national standards. With a median home price of 155000 and average rents sitting at 935 for a 2-bedroom apartment and 1016 for a 2-bedroom house, you can expect competitive but manageable costs. The low cost of living may also further enhance comfort and lifestyle. It’s beneficial to explore local amenities, schools, and job markets to ensure a well-rounded decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in New iberia, LA.
- Electricity Price: $11.42 USD (median by state)
- Natural Gas Price: $19.48 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $231 per month
Living in New iberia, LA could entail higher utility costs. Electricity costs sit at $11.42, while natural gas is priced at $19.48 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $231 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if New iberia is a financially viable option for your relocation.