Best Affordable Places to Live in Louisiana in 2025

louisiana shreveport

On this page:

By Bonnie Vengrow

(Last Updated – 03/2025)

Louisiana may be synonymous with Bourbon Street and Mardi Gras, but there’s so much more to the Bayou State than booze and beads. Everyday life here can seem like something straight out of a guidebook: streets of dramatic moss-covered oaks, sounds of live music around nearly every corner, Creole and Cajun cuisine you can’t get anywhere else, and a unique culture heavily shaped by African, French, and Spanish ancestry.

It also helps that Louisiana is easier on the wallet compared to other states. The cost of living is 9% below the national average. Housing is 18% lower than the national average, and utilities are 16% lower. Basic expenses are slightly cheaper, too: Groceries are 5% lower than in the rest of the country, as is transportation. That’s good news for Louisianians, whose median household income is currently well below the nation’s ($60K vs. $78.5K).

Whether you’re looking to relocate, raise a family, or relax during retirement, the state’s big cities and small towns may just fit the bill. Let’s take a look at the best places to live in Louisiana.

Best Places to Live in Louisiana

Finding the best place to live in Louisiana depends largely on your needs and wants. It’s important to consider where career opportunities are and whether you crave the nonstop activity of a city or prefer a slower pace of life, perhaps closer to the water.

As you explore different areas, keep insurance premiums top of mind. Both homeowners and flood insurance rates have been rising in the state, making it more expensive to own a home. If you’re new to home buying and aren’t sure where to start, a first-time homebuyer guide can get you up to speed on the basics.

💡 Quick Tip: Buying a home shouldn’t be aggravating. SoFi’s online mortgage application is quick and simple, with dedicated Mortgage Loan Officers to guide you through the process.

Best Affordable Places to Live in Louisiana

Though there are expensive homes throughout the state, finding an affordable place to live is possible. The median home value in Louisiana is just under $200,000 — less than half the median across America. Plus, there are first-time homebuyer programs in Louisiana to help eligible residents break into the real estate market.

1. Zachary

If you have a big-city job and a small budget, consider driving 25 minutes north to the Baton Rouge suburb of Zachary. No stranger to best-of lists, this small, friendly town boasts well-kept parks and a calendar full of events, including festivals and the weekly farmers’ market. Parents may appreciate the fact that the schools receive high marks.

Population: 19,968

Median Household Income: $90,507

Cost of Living: 91% of U.S. average

Average Rent Price: $1,700

Home Price-to-Income Ratio: 2.88

2. Jennings

Jennings is conveniently located on Interstate 10 and U.S. Highway 90, midway between Lafayette and Lake Charles. This charming small town has a decidedly French feel, thanks to Cajun roots that influence everything from the local restaurants to music venues and festivals. Jennings is also known as the “Cradle of Louisiana Oil,” since it’s home to the state’s first oil well, and the oil and gas industry still plays a major role in the local economy today.

Population: 9,372

Median Household Income: $45,194

Cost of Living: 81.3% of U.S. average

Average Rent Price: $775

Home Price-to-Income Ratio: 2.69

3. Bastrop

Bastrop, Louisiana

Photo credit: Flickr/J. Stephen Conn , Creative Commons Attribution-NonCommercial 2.0
Generic

You’d be hard-pressed to find a more affordable place in Louisiana than Bastrop. But don’t worry, the low cost of living doesn’t require sacrificing a high quality of life. In fact, this northeast town is known for its stunning architecture, abundance of outdoor activities, and easy way of life.

Population: 8,989

Median Household Income: $30,069

Cost of Living: 75.4% of U.S. average

Average Rent Price: $566

Home Price-to-Income Ratio: 2.65

Recommended: What to Know About Getting Preapproved for a Home Loan

Best Places to Live in Louisiana for Families

Eager to raise your children in the Bayou State? These five spots have a winning combination of well-regarded schools, lots of outdoor space, and plenty of ways to keep little ones entertained.

1. Zachary

Want to raise your crew away from the hustle and bustle of Baton Rouge? Consider Zachary. Located a short 25-minute drive from the capital city, this small town boasts well-maintained community parks and playgrounds. Parents may be drawn to its top-performing schools.

As you start shopping for a home, what goes into qualifying for a home loan can be confusing. Help take out some of the mystery surrounding the process by reading up on tips to qualify for a mortgage.

Population: 19,968

Median Household Income: $90,507

Cost of Living: 91% of U.S. average

Average Rent Price: $1,534

Home Price-to-Income Ratio: 2.88

2. Jennings

Families in Jennings don’t have to go far to find things to do — the town is full of kid-friendly activities. The playgrounds, walking track, and 10-acre fishing pond of the Louisiana Oil and Gas Park are popular attractions. On chilly or rainy days, you can take your crew to visit the baby alligators at Gator Chateau, soak in the world-class art collection in the Zigler Museum, or catch a live country music variety show at the Strand Theatre.

Population: 9,372

Median Household Income: $45,194

Cost of Living: 81.3% of U.S. average

Median Rent Price: $625

Home Price-to-Income Ratio: 2.69

3. Shreveport

Shreveport, Louisiana

Photo credit: iStock/Sean Pavone

Far from New Orleans in both location and culture, Shreveport’s culture, food, and street names reflect its close proximity to Arkansas and Texas. While Little Rock and Dallas make for good day trips, you’d be forgiven for not wanting to leave this vibrant city. Known for its jazz and blues scene, diverse dining options, and important historical sites, Shreveport offers more than enough to keep families of all ages entertained.

Population: 177,959

Median Household Income: $48,465

Cost of Living: 77,7% of U.S. average

Average Rent Price: $1,000

Home Price-to-Income Ratio: 2.67

Recommended: Cost of Living by State

Best Places to Live in Louisiana for Young Adults

Louisiana has a little something for everyone, particularly young people just starting out. Whether you’re in a city, suburb, or small town, you’ll likely have fantastic food and nightlife options, and a mortgage or rent that won’t consume your budget. Bonus: The state skews young, with a median age of 38.7.

1. Elmwood

Maybe you want to be within easy driving distance of New Orleans, but far enough away to get more space and cheaper housing. If so, Elmwood might be the place for you.

When you’re ready to get serious about home buying, a good place to start is learning about the different types of mortgage loans to make sure you get the one that fits your needs.

Population: 5,649

Median Household Income: $83,268

Cost of Living: 97.5% of U.S. average

Median Rent Price: $1,750

Home Price-to-Income Ratio: 2.39

2. Metairie

Metairie, Louisiana

Photo credit: iStock/Art Wager

There was a time when Metairie was where city dwellers moved as they got older and started a family. But these days, the sprawling New Orleans suburb is attracting younger residents right off the bat with noteworthy restaurants, a revitalized lakefront area, and a convenient location.

Population: 143,507

Median Household Income: $73,256

Cost of Living: 97.5% of U.S. average

Average Rent Price: $1,700

Home Price-to-Income Ratio: 3.75

3. Lafayette

Lafayette, Louisiana

Photo credit: iStock/DenisTangneyJr

When most people picture the graceful oaks, spicy food, and upbeat music of Cajun Country, Lafayette often comes to mind. But this unique city isn’t just the stuff of travel books, it’s also a good place for young adults to call home. The University of Louisiana at Lafayette is in the center of town, and graduates often decide to stay and work here. Not surprisingly, Lafayette residents are on the younger side — the median age is 37.3 — and three quarters of households don’t have children.

Population: 121,467

Median Household Income: $61,454

Cost of Living: 90.2% of U.S. average

Average Rent Price: $1,395

Home Price-to-Income Ratio: 3.49

💡 Quick Tip: Backed by the Federal Housing Administration (FHA), FHA loans provide those with a fair credit score the opportunity to buy a home. They’re a great option for first-time homebuyers.

Best Places to Live in Louisiana for Retirees

Thanks to its warm climate, decadent food, and friendly people, Louisiana is a popular spot to retire. In fact, the state has one of the largest retirement populations in the country, with almost a quarter of the population over the age of 65. The tax situation is also appealing for those on a fixed income. Louisiana doesn’t tax Social Security benefits, federal retirement benefits, or several state retirement benefits. As you consider where in Louisiana to spend your golden years, keep these places in mind.

1. Bastrop

Bastrop, Louisiana

Photo credit: Flickr/J. Stephen Conn , Creative Commons Attribution-NonCommercial 2.0
Generic

Retiring doesn’t have to mean slowing down, especially if you decide to settle in Bastrop. This bucolic town is known for its outdoor adventures, thanks to its proximity to the Upper Ouachita National Wildlife Refuge and the Georgia Pacific Wildlife Management Center.

Population: 8,989

Median Household Income: $30,096

Cost of Living: 75.4% of U.S. average

Average Rent Price: $566

Home Price-to-Income Ratio: 2.65

2. River Ridge

Retirees living in River Ridge, a bedroom community east of New Orleans, enjoy the kind of amenities found in larger towns. Community parks play host to local sporting teams, and family-owned restaurants, upscale boutiques, and grocery stores are sprinkled throughout town. The New Orleans International Airport is also within easy reach, a bonus when you’re hopping on a plane to visit friends and family.

Population: 13,591

Median Household Income: $84,464

Cost of Living: 97.5% of U.S. average

Median Rent Price: $1,650

Home Price-to-Income Ratio: 3.57

3. Bogalusa

Tucked away from New Orleans, but within 25 miles of two hospitals, Bogalusa is the kind of place where you can truly unwind. Pass an afternoon enjoying the shops, art galleries, and restaurants lining downtown. Or enjoy the best of what Mother Nature has to offer in the beautiful Bogue Chitto National Wildlife refuge.

Population: 10,343

Median Household Income: $37,846

Cost of Living: 80.7% of U.S. average

Average Rent Price: $675

Home Price-to-Income Ratio: 2.17

Recommended: Refinance Your Mortgage and Save

Best Places to Live in Louisiana Near the Water

Louisiana fully earns its Bayou State nickname, as the famous swamps cover some 3 million acres of ground. But bayous aren’t the only bodies of water here. The Mississippi River, Gulf of Mexico, Lake Pontchartrain, and many smaller rivers and reservoirs also meander throughout the state. Bottom line: If you’re looking to put down roots near the water, you’ll have no shortage of options in Louisiana. Here are five that are among the best places in Louisiana to live.

1. Mandeville

Mandeville, Louisiana

Photo credit: iStock/Judy Darby

Mandeville’s prime location provides easy access to Lake Pontchartrain, where fishing and boating opportunities abound. When it’s time to raise the anchor and head back to shore, you can grab a bite at one of the many top-flight restaurants or take in the million-dollar views along the lakefront.

Population: 12,999

Median Household Income: $89,122

Cost of Living: 98.4% of U.S. average

Average Rent Price: $1,800

Home Price-to-Income Ratio: 3.94

2. Lake Charles

Lake Charles, Louisiana

Photo credit: iStock/halbergman

Grab your rod and reel: Lake Charles is a well-established fishing destination, where anglers try their luck in Calcasieu Lake, Holly Beach, and (of course) Lake Charles. And because southwestern Louisiana enjoys mild winters, you can cast your line year-round. After a day on the boat or shore, take a load off at one of the many restaurants in this fast-growing city.

Population: 79,633

Median Household Income: $56,864

Cost of Living: 84.1% of U.S. average

Average Rent Price: $1,100

Home Price-to-Income Ratio: 3.27

3. Breaux Bridge

Breaux Bridge, Louisiana

Photo credit: Flickr/jc.winkler , Creative Commons Attribution 2.0 Generic

Bayou Teche winds through the beautiful town of Breaux Bridge and plays host to activities and events throughout the year. If you prefer lots of outdoor action, you can get your fill of hunting, paddling, bird watching, and fishing. Once you’ve worked up an appetite, load up on the local specialty: crawfish. In fact, Breaux Bridge’s crawfish farming and cooking is so renowned, the town was officially designated the crawfish capital of the world.

Population: 7,500

Median Household Income: $45,620

Cost of Living: 83% of U.S. average

Median Rent Price: $1,700

Home Price-to-Income Ratio: 3.73


The Takeaway

If you’re considering relocating to Louisiana, rest assured there are lots of big cities, small towns, and vibrant suburbs worthy of calling home. Bayou State residents typically pay less for everyday expenses and housing. But keep in mind that rising flood and insurance premiums may add to the cost of homeownership here, so you may want to adjust your budget accordingly.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.

SoFi Mortgages: simple, smart, and so affordable.

View your rate

Browse Other States

FAQ

Where is the cheapest and nicest place to live in Louisiana?

The determination of what is a cheap and nice place will vary depending on an individual’s wants and needs. Bastrop, for instance, is considered a very affordable city in Louisiana, with average monthly rent of under $600 and a cost of living that is 75% of the national average.

How much money do you need to live comfortably in Louisiana?

Many factors impact how much money you would need to live comfortably in Louisiana. For example, you need to consider the cost of living in the area where you want to settle, your family size, how much debt you are paying off, and more. That said, the cost of living in Louisiana is lower than the average in the U.S., so you might find it takes less money to live comfortably there.

Are Louisiana home prices coming down?

Between January 2024 and January 2025, home prices in Louisiana rose 3.5%, indicating that the housing market has heated up in general. However, in certain locations, prices may be dropping; it depends upon which community you are focusing on.


SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.

¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.

*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances. Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice. SOHL-Q125-097

TLS 1.2 Encrypted
Equal Housing Lender