Cost of Living in Assumption Parish, Louisiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Assumption Parish Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Assumption Parish ranks #82 of 3,144 counties for affordability (top 3%)
Data Story
About Cost of Living in Assumption Parish, Louisiana
Assumption Parish: Solid affordability below national norms
Assumption Parish residents face an 18.3% rent-to-income ratio—better than Louisiana's 19.5% state average and the national benchmark—despite earning just $52,546 annually (30% below national median). The $801 median rent represents reasonable value given local incomes, positioning this parish as moderately affordable for renters. Strong housing affordability relative to income is Assumption's defining characteristic.
Assumption ranks in Louisiana's top half
At 18.3%, Assumption Parish's rent-to-income ratio places it in Louisiana's better-performing half, outpacing the state average by 1.2 percentage points. This solid positioning reflects balanced rental costs relative to resident earnings across the parish. Assumption offers above-average affordability without the premium pricing of wealthier parishes.
Assumption rents climb above Southwest Louisiana baseline
Assumption's $801 median rent runs higher than Acadia ($725) and Allen ($739), though still below Beauregard ($882) and Bossier ($1,168). This modest premium reflects Assumption's location along the Mississippi River and access to petrochemical employment. Regional renters can find lower costs in Acadia Parish, just 30 miles northwest.
Owners gain 10-point advantage over renters
Renters in Assumption spend $801 monthly (18.3% of $52,546 income), while homeowners pay just $533 (10.2%)—a meaningful $268 monthly savings for those with mortgages. The $141,200 median home value enables moderate-income families to access affordable ownership. This owner-renter gap underscores homeownership's financial benefit in this parish.
Assumption Parish: Balanced affordability option
Consider Assumption Parish if you're seeking a middle ground between Southwest Louisiana's most affordable parishes and higher-cost regions. Your rent would run $801 (18.3% of income) or mortgage payments around $533 monthly, both better than state averages. Factor in petrochemical industry jobs and river access when evaluating this parish for relocation.
Cost of Living Advisory: Assumption Parish
Affordability Verdict
Housing in Assumption Parish is affordable. The median rent is $801/month against a median household income of $52,546, putting rent at 18.3% of income.
Rent vs. Own
Renters in Assumption Parish pay $801/month on average, compared to $533/month for homeowners. This market favors buyers by about 33%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $32,040/year. For owner costs at the 28% rule, the required income is roughly $22,843/year. With a median household income of $52,546, most households can comfortably afford rent here. Notably, 45.0% of renter households in Assumption Parish are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Louisiana, Assumption Parish is more affordable than East Feliciana Parish by roughly 8% ($801/mo vs $745/mo).
Affordability Calculator
See how your income compares to housing costs in Assumption Parish
Rent Burden
18.3%
of gross income
Max Housing (28% Rule)
$1,226
per month
Owner Cost Burden
12.2%
of gross income
You can likely afford the median home in Assumption Parish
Median home value is $141,200. Estimated monthly cost: $1,127 vs. your max of $1,226.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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