Quick facts: Sterlington, LA

Quick Facts

98.7
Cost of Living
below US average
2,145
Population
6.99
Crime Rate per 1000
below US average
$66,420
Median Income
below US average
$120,000
Median House Price
above US average
$1580.86
Average Rent
above US average
12%
Poverty Rate
above US average
3.5%
Unemployment Rate
below 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 $66,420.

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Income Needed to Buy

βœ“ Affordable
$38k/year
Based on $120,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($66,420) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$68k/year
Based on $1580.86/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $68k vs median $66,420
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sterlington, LA

Sterlington is a small town located in the northeastern part of Louisiana, primarily situated in Ouachita Parish. Known for its tight-knit community and small-town charm, Sterlington features a mix of residential, commercial, and recreational areas. The town is conveniently located near the larger city of Monroe, offering residents access to additional amenities and services. Sterlington is characterized by its friendly atmosphere and active community involvement. The local schools, parks, and community events foster a sense of belonging among the residents. Outdoor enthusiasts can enjoy the nearby bayous and lakes, which provide opportunities for fishing, boating, and hiking. The town has experienced growth in recent years, with new businesses and developments emerging. Sterlington offers a mix of dining options, retail shops, and essential services, making it a convenient place for locals and visitors alike. Historically, the area has roots in agriculture and small industry, contributing to its economy. Overall, Sterlington represents a blend of tradition and progress, making it an inviting place to live, work, and play in Louisiana.

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