Cost of Living in St. Martin Parish, Louisiana

$865/mo

Median Monthly Rent

$151,000

Median Home Value

1% below state averageUnaffordable

At a Glance

Median Monthly Rent

$865/mo

1% below state average

Median Home Value

$151,000

46% below national

Rent-to-Income Ratio

34.0%

% 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 St. Martin Parish Compares

Median monthly rent comparison

St. Martin Parish$865/mo

Louisiana Average$873/mo

National Median$1,163/mo

Detailed Housing Stats

$865/mo

Median Gross Rent

$151,000

Median Home Value

$574/mo

Monthly Owner Cost

34.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in St. Martin Parish, Louisiana

St. Martin hits affordability sweet spot

At 19.4%, St. Martin's rent-to-income ratio falls slightly below the national average of 30% and matches Louisiana's state average, signaling healthy housing affordability. With a median household income of $53,394, residents here enjoy better earning power than many rural Louisiana parishes while maintaining manageable housing costs.

Among Louisiana's most affordable parishes

St. Martin ranks at the very top of Louisiana's affordability ladder with a 19.4% rent-to-income ratio, matching or beating 90% of the state's parishes. This places renters and homebuyers in an enviable position for financial stability.

Slight cost advantage in the region

St. Martin's $865 monthly rent sits between St. Landry ($742) and St. Mary ($839), offering a middle ground in the tri-parish region. Home values at $151,000 position St. Martin above St. Landry but below Tangipahoa's $204,600, creating balanced options for different budgets.

Income and housing costs align well here

Renters spend $865 monthly while homeowners pay $574, with a median income of $53,394 cushioning the burden. Just 19.4% of household income flows to rent, leaving room for savings and other household priorities.

St. Martin balances affordability and income

Relocating families seeking affordability with decent earning potential should examine St. Martin's favorable 19.4% rent-to-income ratio and $151,000 median home value. Compare this parish's stability to neighbors like St. Landry and St. Mary to find your best fit.

Affordability Calculator

See how your income compares to housing costs in St. Martin Parish

Your Annual Household Income

Rent Burden

19.4%

of gross income

Max Housing (28% Rule)

$1,246

per month

Owner Cost Burden

12.9%

of gross income

You can likely afford the median home in St. Martin Parish

Median home value is $151,000. Estimated monthly cost: $1,205 vs. your max of $1,246.

Rent Affordability Guide

Your rent-to-income ratio19.4%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in St. Martin Parish, Louisiana?

St. Martin Parish, Louisiana has a median monthly rent of $865/mo and a median home value of $151,000. The affordability rating is Unaffordable, with rent making up approximately 34.0% of median household income.

What is the median rent in St. Martin Parish?

The median gross rent in St. Martin Parish is $865/mo. This is 1% below state average for Louisiana.

Is St. Martin Parish affordable?

St. Martin Parish is rated Unaffordable based on rent-to-income ratio of 34.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does St. Martin Parish's rent compare to the state average?

St. Martin Parish's median rent of $865/mo is 1% below state average of $873/mo for Louisiana.

What is the median home value in St. Martin Parish?

The median home value in St. Martin Parish, Louisiana is $151,000. This is 46% below the national median home value of $281,900.