Cost of Living in Iberville Parish, Louisiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Iberville Parish Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Iberville Parish ranks #1,379 of 3,144 counties for affordability (top 44%)
Data Story
About Cost of Living in Iberville Parish, Louisiana
Best affordability among urban-adjacent parishes
Iberville Parish renters spend 17.1% of income on rent, beating the national affordability threshold of 18% with median household income of $57,459 that, while below the U.S. average of $74,755, offers solid local earning potential. This near-urban parish delivers genuine housing security.
Strong affordability for Louisiana
Iberville's 17.1% rent-to-income ratio beats Louisiana's state average of 19.5% by 2.4 points, placing it in the state's more affordable tier. The median rent of $817 sits 6% below the state average of $873, creating real savings for renters.
Affordable middle ground
Iberville's $817 rent sits between rural parishes like Evangeline ($663) and regional center Iberia ($891), with income of $57,459 exceeding most rural peers. This positions Iberville as an affordable entry point near Louisiana's more developed regions.
Renters enjoy a clear advantage
Renters paying $817 monthly dedicate just 17.1% of $57,459 income to housing, while owners paying $736 (15.3%) enjoy only a slight advantage. Both groups benefit from affordability well below national and state stress thresholds.
Iberville offers proximity plus affordability
Iberville Parish combines excellent housing affordability (17.1% rent-to-income) with proximity to Baton Rouge's economic opportunities and a median home value of $177,100. This parish suits professionals seeking Lower Mainline convenience without East Baton Rouge's rent premium.
Cost of Living Advisory: Iberville Parish
Affordability Verdict
Iberville Parish is affordable for renters, with a median gross rent of $817/month representing approximately 17.1% of median household income. The rent burden (GRAPI) stands at 26.0%.
Rent vs. Own
Renters in Iberville Parish pay $817/month on average, compared to $736/month for homeowners. This market favors buyers by about 10%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $32,680/year. For owner costs at the 28% rule, the required income is roughly $31,543/year. With a median household income of $57,459, most households can comfortably afford rent here. Notably, 26.0% of renter households in Iberville Parish are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Union Parish where rent averages $758/month, Iberville Parish is approximately 8% more expensive.
Affordability Calculator
See how your income compares to housing costs in Iberville Parish
Rent Burden
17.1%
of gross income
Max Housing (28% Rule)
$1,341
per month
Owner Cost Burden
15.4%
of gross income
The median home in Iberville Parish may be a stretch
Median home value is $177,100. Estimated monthly cost: $1,414 vs. your max of $1,341.
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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