Quick facts: West monroe, LA

Quick Facts

98.7
Cost of Living
below US average
12,635
Population
82.07
Crime Rate per 1000
above US average
$47,129
Median Income
below US average
$235,000
Median House Price
above US average
$2117.5
Average Rent
above US average
13%
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 $47,129.

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Income Needed to Buy

βœ— Stretch
$74k/year
Based on $235,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $74k vs median $47,129
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Income Needed to Rent

⚠ Stretch
$91k/year
Based on $2117.5/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $91k vs median $47,129
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for West monroe, LA

West Monroe is a charming city located in Ouachita Parish, Louisiana, part of the Monroe metropolitan area. With a rich history, this city offers a blend of small-town charm and modern conveniences. Known for its picturesque landscapes, West Monroe is situated along the banks of the Ouachita River, providing scenic views and opportunities for recreational activities like fishing and boating. The city boasts a vibrant cultural scene, highlighted by attractions such as the Antique District, filled with unique shops and boutiques, perfect for treasure hunting. The area hosts various annual festivals, celebrating local art, music, and food, fostering a strong sense of community. West Monroe is also notable for its proximity to nature, with numerous parks and outdoor spaces for hiking, picnicking, and enjoying the southern sunshine. The Food, Music, and Arts Festival is a highlight of the calendar year, drawing visitors from near and far. Overall, West Monroe combines Southern hospitality with a dynamic local culture, making it a great place to live, work, and visit in Louisiana.

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