Cost of Living in Caddo Parish, Louisiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Caddo Parish Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Caddo Parish ranks #1,818 of 3,144 counties for affordability (bottom 42%)
Data Story
About Cost of Living in Caddo Parish, Louisiana
Caddo rents strain local budgets
Caddo Parish residents spend 23.1% of their income on rent, outpacing the national average of roughly 20%. With a median household income of $50,067—32% below the nation's median—housing costs bite harder here than they do for typical American renters.
Least affordable in Louisiana
At 23.1%, Caddo's rent-to-income ratio ranks among the least affordable in Louisiana, where the state average sits at 19.5%. This gap signals that Caddo residents face steeper housing burdens than most of their neighbors across the state.
Caddo costs more than peers
Caddo's median rent of $962 per month exceeds neighboring Caldwell Parish ($756) and Catahoula Parish ($724), even though Caddo's median income trails most regional peers. This combination makes Caddo one of the region's tightest housing markets.
Where Caddo's housing money goes
Renters in Caddo Parish pay $962 monthly, while homeowners spend $922 on mortgages against a median income of $50,067. That means roughly one-quarter of a renting household's monthly earnings goes straight to housing.
Consider rural alternatives nearby
If affordability matters, parishes like Caldwell or Catahoula offer lower rents and comparable living costs. Exploring parishes where rent-to-income ratios dip below 20% could free up hundreds of dollars monthly for your household budget.
Cost of Living Advisory: Caddo Parish
Affordability Verdict
For renters in Caddo Parish, the market is affordable. Expect to pay around $962/month in gross rent, with 33.0% of renter households considered cost-burdened.
Rent vs. Own
Renters in Caddo Parish pay $962/month on average, compared to $922/month for homeowners. This market favors buyers by about 4%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $38,480/year. For owner costs at the 28% rule, the required income is roughly $39,514/year. With a median household income of $50,067, most households can comfortably afford rent here. Notably, 33.0% of renter households in Caddo Parish are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Louisiana, Caddo Parish is less affordable than West Baton Rouge Parish by roughly 6% ($962/mo vs $1,021/mo).
Affordability Calculator
See how your income compares to housing costs in Caddo Parish
Rent Burden
23.1%
of gross income
Max Housing (28% Rule)
$1,168
per month
Owner Cost Burden
22.1%
of gross income
The median home in Caddo Parish may be a stretch
Median home value is $175,900. Estimated monthly cost: $1,404 vs. your max of $1,168.
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 (2019-2023) — Informational only. Not financial or legal advice.
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