Cost of Living in Terrebonne Parish, Louisiana

$1,010/mo

Median Monthly Rent

$189,100

Median Home Value

16% above state averageUnaffordable

At a Glance

Median Monthly Rent

$1,010/mo

16% above state average

Median Home Value

$189,100

33% below national

Rent-to-Income Ratio

28.0%

% 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 Terrebonne Parish Compares

Median monthly rent comparison

Terrebonne Parish$1,010/mo

Louisiana Average$873/mo

National Median$1,163/mo

Detailed Housing Stats

$1,010/mo

Median Gross Rent

$189,100

Median Home Value

$829/mo

Monthly Owner Cost

28.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Terrebonne Parish, Louisiana

Terrebonne tops Louisiana for affordability

At 18.7%, Terrebonne Parish boasts the state's lowest rent-to-income ratio, well below the national average and Louisiana's 19.5% mean. With a median household income of $64,819 and rents of $1,010, residents enjoy both strong earning power and manageable housing burdens.

Louisiana's housing affordability champion

Terrebonne Parish outperforms all other Louisiana counties with an 18.7% rent-to-income ratio, proving that higher incomes can offset higher rents. The parish sits in the best quartile statewide for housing affordability.

Strong income offsets moderate-high rents

Terrebonne's $1,010 rent exceeds most rural neighbors but trails St. Tammany's $1,305, while the median income of $64,819 outpaces all regional peers. This income advantage generates the state's best affordability ratio despite above-average rents.

Income strength generates housing cushion

Renters spend $1,010 monthly while homeowners carry $829, with a median income of $64,819 keeping housing at just 18.7% of household budgets. This leaves ample room for savings, debt service, and quality-of-life spending.

Terrebonne for balanced living

If you seek strong income potential paired with sustainable housing costs, Terrebonne Parish delivers with the state's best affordability ratio and $189,100 median home values. Compare this parish's balanced profile against St. Tammany and surrounding areas.

Affordability Calculator

See how your income compares to housing costs in Terrebonne Parish

Your Annual Household Income

Rent Burden

18.7%

of gross income

Max Housing (28% Rule)

$1,512

per month

Owner Cost Burden

15.3%

of gross income

You can likely afford the median home in Terrebonne Parish

Median home value is $189,100. Estimated monthly cost: $1,510 vs. your max of $1,512.

Rent Affordability Guide

Your rent-to-income ratio18.7%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Terrebonne Parish, Louisiana?

Terrebonne Parish, Louisiana has a median monthly rent of $1,010/mo and a median home value of $189,100. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.

What is the median rent in Terrebonne Parish?

The median gross rent in Terrebonne Parish is $1,010/mo. This is 16% above state average for Louisiana.

Is Terrebonne Parish affordable?

Terrebonne Parish is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Terrebonne Parish's rent compare to the state average?

Terrebonne Parish's median rent of $1,010/mo is 16% above state average of $873/mo for Louisiana.

What is the median home value in Terrebonne Parish?

The median home value in Terrebonne Parish, Louisiana is $189,100. This is 33% below the national median home value of $281,900.