Cost of Living in Ouachita Parish, Louisiana

$923/mo
Median Monthly Rent
$183,000
Median Home Value
6% above state averageUnaffordable

At a Glance

Median Monthly Rent
$923/mo
6% above state average
Median Home Value
$183,000
35% below national
Rent-to-Income Ratio
35.0%
% 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 Ouachita Parish Compares

Median monthly rent comparison

Ouachita Parish$923/mo
Louisiana Average$873/mo
National Median$1,163/mo

Detailed Housing Stats

$923/mo
Median Gross Rent
$183,000
Median Home Value
$868/mo
Monthly Owner Cost
35.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Ouachita Parish, Louisiana

Ouachita Parish keeps rents moderate

Ouachita Parish renters spend 21.6% of their $51,241 income on housing—above Louisiana's 19.5% average but reasonable compared to national stress—paying $923 monthly in rent. The parish's median income sits closer to national levels than most rural Louisiana counties, easing the affordability pressure.

Slightly above-average affordability stress

Ouachita Parish's 21.6% rent-to-income ratio places it in the upper-middle tier of Louisiana's 64 parishes, suggesting moderate affordability pressure relative to the state. The $923 median rent exceeds the state average of $873 by $50, reflecting Ouachita's position as a mid-sized parish with regional economic draw.

Pricier than rural, cheaper than New Orleans

Ouachita Parish renters pay $923 monthly—$129 more than Natchitoches but $288 less than New Orleans—while earning a competitive $51,241. The parish sits geographically and economically between Louisiana's rural parishes and its urban centers.

Rental and ownership costs

Renters allocate $923 monthly while homeowners pay $868, totaling 21.6% of the $51,241 median household income. Median home values of $183,000 offer moderate entry points for buyers seeking to escape the renter's burden.

Ouachita offers middle-ground balance

Ouachita Parish delivers reasonable affordability with income levels that exceed most rural Louisiana—making it a practical choice for those balancing cost and earning power. Consider Ouachita if you seek moderate-sized parish amenities without New Orleans's premium pricing or isolated rural constraints.

Affordability Calculator

See how your income compares to housing costs in Ouachita Parish

$

Rent Burden

21.6%

of gross income

Max Housing (28% Rule)

$1,196

per month

Owner Cost Burden

20.3%

of gross income

The median home in Ouachita Parish may be a stretch

Median home value is $183,000. Estimated monthly cost: $1,461 vs. your max of $1,196.

Rent Affordability Guide

Your rent-to-income ratio21.6%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Ouachita Parish, Louisiana?
Ouachita Parish, Louisiana has a median monthly rent of $923/mo and a median home value of $183,000. The affordability rating is Unaffordable, with rent making up approximately 35.0% of median household income.
What is the median rent in Ouachita Parish?
The median gross rent in Ouachita Parish is $923/mo. This is 6% above state average for Louisiana.
Is Ouachita Parish affordable?
Ouachita Parish is rated Unaffordable based on rent-to-income ratio of 35.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Ouachita Parish's rent compare to the state average?
Ouachita Parish's median rent of $923/mo is 6% above state average of $873/mo for Louisiana.
What is the median home value in Ouachita Parish?
The median home value in Ouachita Parish, Louisiana is $183,000. This is 35% 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.