Cost of Living in Richland Parish, Louisiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Richland Parish Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Richland Parish ranks #768 of 3,144 counties for affordability (top 24%)
Data Story
About Cost of Living in Richland Parish, Louisiana
Richland rents are genuinely affordable
Richland Parish renters spend just 18.9% of their income on housing, below both Louisiana's state average of 19.5% and the national affordability benchmark. With median rent at $836 and median household income of $52,960, Richland offers one of the better rent-to-income ratios among rural Louisiana parishes.
Louisiana's affordable rental market
Richland Parish ranks among Louisiana's most affordable parishes for renters, with an 18.9% rent-to-income ratio that beats the state average of 19.5%. Median rent of $836 sits slightly below state median of $873, while local incomes of $52,960 provide stronger purchasing power than many neighboring parishes.
Pricier than Red River, cheaper overall
Richland's median rent of $836 exceeds neighboring Red River Parish by $105 monthly, but Richland's higher median income of $52,960 makes renting proportionally easier. The parish offers a sweet spot between rural affordability and slightly higher incomes than its western neighbors.
Homeownership is the real bargain
Richland renters allocate 18.9% of income to housing, while homeowners spending $590 monthly keep costs to just 13.4% of income—a significant $246 monthly advantage. The median home value of $124,500 positions the parish as an attractive entry point for buyers seeking Louisiana real estate.
Richland Parish punches above its weight
Relocating to Richland Parish delivers solid affordability for both renters and buyers, with housing costs tracking below state averages and median home values under $125,000. The combination of reasonable rents and stronger incomes than neighboring parishes makes this a standout choice for Louisiana movers on a budget.
Cost of Living Advisory: Richland Parish
Affordability Verdict
Richland Parish is affordable for renters, with a median gross rent of $836/month representing approximately 18.9% of median household income. The rent burden (GRAPI) stands at 25.0%.
Rent vs. Own
The median rent in Richland Parish is $836/month, while owner costs run $590/month. Owning saves approximately $246/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $33,440/year. For owner costs at the 28% rule, the required income is roughly $25,286/year. With a median household income of $52,960, most households can comfortably afford rent here. Notably, 25.0% of renter households in Richland Parish are cost-burdened, spending more than 30% of income on housing.
Regional Context
Richland Parish sits 6% less expensive than Iberia Parish ($891/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Richland Parish
Rent Burden
18.9%
of gross income
Max Housing (28% Rule)
$1,236
per month
Owner Cost Burden
13.4%
of gross income
You can likely afford the median home in Richland Parish
Median home value is $124,500. Estimated monthly cost: $994 vs. your max of $1,236.
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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