Cost of Living in Assumption Parish, Louisiana

$801/mo

Median Monthly Rent

$141,200

Median Home Value

8% below state averageUnaffordable

At a Glance

Median Monthly Rent

$801/mo

8% below state average

Median Home Value

$141,200

50% below national

Rent-to-Income Ratio

45.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Assumption Parish Compares

Median monthly rent comparison

Assumption Parish$801/mo

Louisiana Average$873/mo

National Median$1,163/mo

Detailed Housing Stats

$801/mo

Median Gross Rent

$141,200

Median Home Value

$533/mo

Monthly Owner Cost

45.0%

Rent-to-Income Ratio

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.

Affordability Calculator

See how your income compares to housing costs in Assumption Parish

Your Annual Household Income

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

Your rent-to-income ratio18.3%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Assumption Parish, Louisiana?

Assumption Parish, Louisiana has a median monthly rent of $801/mo and a median home value of $141,200. The affordability rating is Unaffordable, with rent making up approximately 45.0% of median household income.

What is the median rent in Assumption Parish?

The median gross rent in Assumption Parish is $801/mo. This is 8% below state average for Louisiana.

Is Assumption Parish affordable?

Assumption Parish is rated Unaffordable based on rent-to-income ratio of 45.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Assumption Parish's rent compare to the state average?

Assumption Parish's median rent of $801/mo is 8% below state average of $873/mo for Louisiana.

What is the median home value in Assumption Parish?

The median home value in Assumption Parish, Louisiana is $141,200. This is 50% below the national median home value of $281,900.