Cost of Living in Grant Parish, Louisiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Grant Parish Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Grant Parish ranks #1,207 of 3,144 counties for affordability (top 38%)
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.
Cost of Living Advisory: Grant Parish
Affordability Verdict
Grant Parish is affordable for renters, with a median gross rent of $806/month representing approximately 15.8% of median household income. The rent burden (GRAPI) stands at 27.0%.
Rent vs. Own
At $806/month rent versus $561/month in owner costs, owning is roughly $245/month cheaper — a 30% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $32,240/year. For owner costs at the 28% rule, the required income is roughly $24,043/year. With a median household income of $61,112, most households can comfortably afford rent here. Notably, 27.0% of renter households in Grant Parish are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Louisiana, Grant Parish is less affordable than St. Martin Parish by roughly 7% ($806/mo vs $865/mo).
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
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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