Cost of Living in Grant Parish, Louisiana

$806/mo
Median Monthly Rent
$135,900
Median Home Value
8% below state averageUnaffordable

At a Glance

Median Monthly Rent
$806/mo
8% below state average
Median Home Value
$135,900
52% below national
Rent-to-Income Ratio
27.0%
% 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 Grant Parish Compares

Median monthly rent comparison

Grant Parish$806/mo
Louisiana Average$873/mo
National Median$1,163/mo

Detailed Housing Stats

$806/mo
Median Gross Rent
$135,900
Median Home Value
$561/mo
Monthly Owner Cost
27.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Grant Parish, Louisiana

Strong income supports affordability

Grant Parish renters spend 15.8% of income on rent, well below the national affordability threshold of 18%, with median household income of $61,112 substantially exceeding most rural parishes. This combination of solid wages and moderate rents creates genuine housing security.

Above Louisiana's affordability average

Grant's 15.8% rent-to-income ratio beats Louisiana's state average of 19.5 by 3.7 points, putting it in the state's more affordable tier. The median rent of $806 runs just 8% above the state average, supported by income that exceeds most parishes.

Highest income, solid affordability

Grant Parish's median income of $61,112 ranks second in this group (behind East Feliciana's $72,899), paired with moderate rent of $806—higher than several neighbors but justified by stronger earning power. Renters here allocate less of their income to housing than in most comparable rural parishes.

Income advantage drives affordability

Renters paying $806 monthly dedicate just 15.8% of the $61,112 median income to housing, while owners paying $561 (11%) enjoy exceptional affordability. The parish's above-average wages make housing costs manageable despite slightly higher rents than some neighbors.

Grant Parish offers real stability

Grant Parish combines strong local incomes ($61,112) with moderate rents and affordable home prices ($135,900), delivering genuine affordability for working families. If you value rural character without sacrificing financial security, this parish deserves serious consideration.

Affordability Calculator

See how your income compares to housing costs in Grant Parish

$

Rent Burden

15.8%

of gross income

Max Housing (28% Rule)

$1,426

per month

Owner Cost Burden

11.0%

of gross income

You can likely afford the median home in Grant Parish

Median home value is $135,900. Estimated monthly cost: $1,085 vs. your max of $1,426.

Rent Affordability Guide

Your rent-to-income ratio15.8%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Grant Parish, Louisiana?
Grant Parish, Louisiana has a median monthly rent of $806/mo and a median home value of $135,900. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.
What is the median rent in Grant Parish?
The median gross rent in Grant Parish is $806/mo. This is 8% below state average for Louisiana.
Is Grant Parish affordable?
Grant Parish is rated Unaffordable based on rent-to-income ratio of 27.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Grant Parish's rent compare to the state average?
Grant Parish's median rent of $806/mo is 8% below state average of $873/mo for Louisiana.
What is the median home value in Grant Parish?
The median home value in Grant Parish, Louisiana is $135,900. This is 52% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.