Quick facts: Vivian, LA

Quick Facts

98.7
Cost of Living
below US average
2,973
Population
8.41
Crime Rate per 1000
below US average
$23,875
Median Income
below US average
$49,500
Median House Price
above US average
$525.0
Average Rent
below US average
20%
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 $23,875.

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Income Needed to Buy

βœ“ Affordable
$16k/year
Based on $49,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($23,875) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$22k/year
Based on $525.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($23,875) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Vivian, LA

Vivian is a small town located in northern Louisiana, primarily in Caddo Parish. Known for its rich history and close-knit community, Vivian has a population of around 3,500 residents. The town serves as a center for local commerce and agriculture. Historically, Vivian played a significant role during the oil boom of the early 20th century, leading to a period of economic growth. Today, the town retains much of its small-town charm, with local shops, diners, and community events that bring residents together. Outdoor enthusiasts can enjoy nearby parks, such as the majestic Caddo Lake, which offers fishing, boating, and picnicking opportunities. Vivian hosts the annual "Vivian Rodeo," which showcases the town's cowboy culture and attracts visitors from surrounding areas. While it may not be a bustling metropolis, Vivian's welcoming atmosphere and strong community spirit make it a unique place with distinct Southern hospitality.

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