Quick facts: Tallulah, LA

Quick Facts

98.7
Cost of Living
below US average
5,946
Population
16.15
Crime Rate per 1000
below US average
$31,070
Median Income
below US average
$69,900
Median House Price
above US average
$462.5
Average Rent
below US average
25%
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 $31,070.

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Income Needed to Buy

βœ“ Affordable
$22k/year
Based on $69,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($31,070) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$20k/year
Based on $462.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($31,070) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Tallulah, LA

Tallulah is a small city located in Madison Parish in the northeastern part of Louisiana. With a rich history tied to agriculture and the cotton industry, Tallulah has maintained its small-town charm despite the challenges faced over the years. The city is situated near the Mississippi River, providing a picturesque backdrop and opportunities for outdoor activities. Tallulah is known for its friendly community and Southern hospitality. The local economy primarily revolves around agriculture, with many residents involved in farming and related industries. The city offers various amenities, including parks, schools, and local shops, catering to the daily needs of residents. Culturally, Tallulah boasts a blend of African American heritage and traditional Southern culture, which is reflected in its local events and festivals. The town also has historical significance, with remnants of old railroads and local architecture. Overall, Tallulah serves as a quiet, close-knit community for those who appreciate small-town living with access to natural beauty and a rich cultural background.

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