Cost of Living in New roads, LA
Housing
The housing market plays a significant role in determining the cost of living in New roads, LA.
- Housing Index: 96.3 / 100
- Median Home Price is: $135,000
- Average Rent (2 BR Apartment): $1358 per month
- Average Rent (2 BR House): $1476 per month
Considering moving to New roads, LA? With a housing index of 96.3, the real estate market presents unique opportunities. The median home price of 135000 is quite reasonable, making home purchases accessible compared to more expensive urban markets. However, the average rent for a 2-bedroom apartment and house is currently at 1358 and 1476, respectively, indicating a potential for low demand or high vacancy rates in rental properties. As you evaluate your options, remember that investing in smaller towns often yields long-term benefits, including community engagement and affordability.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in New roads, 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 roads, 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 roads is a financially viable option for your relocation.