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)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Assumption Parish Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Assumption Parish ranks #559 of 3,142 counties for affordability (top 18%)
Sourced county brief
Assumption Parish Official GRAPI Estimated at 36.9 Percent
In Assumption Parish, the official median gross rent as a percentage of household income (GRAPI) was 36.9% for the 2020-2024 period. This is 4.2 percentage points higher than the Louisiana unweighted county mean official GRAPI of 32.7%. The median gross rent in the parish was $810 per month, which is $104 below the state unweighted county mean of $914. Homeowners in the parish had median selected monthly owner costs of $533, compared to the state unweighted county mean of $738. The median home value was reported at $150,300, which is $17,069 below the state unweighted county mean of $167,369. The median renter-household income in the parish was $34,127 during the same five-year interval. These data points provide a baseline for housing expenditures among residents in both renter and owner-occupied units as measured by the U.S. Census Bureau. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Assumption Parish
Affordability Verdict
ACS B25071 estimates median gross rent at 36.9% of renter household income in Assumption Parish, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $810 per month; median selected monthly owner costs are $533. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $32,400 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Louisiana unweighted mean of county median rents is $914 per month. Assumption Parish's $810 median is 11.4% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Assumption Parish
Rent Burden
18.9%
of gross income
Max Housing (28% Rule)
$1,200
per month
Owner Cost Burden
12.4%
of gross income
The median home in Assumption Parish may be a stretch
Median home value is $150,300. Estimated monthly cost: $1,200 vs. your max of $1,200.
Rent Affordability Guide
Income Needed Calculator
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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 (2020-2024). Data is informational only and is not personalized financial advice.
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