Cost of Living in Terrebonne Parish, Louisiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Terrebonne Parish Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Terrebonne Parish ranks #2,230 of 3,144 counties for affordability (bottom 29%)
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.
Cost of Living Advisory: Terrebonne Parish
Affordability Verdict
Terrebonne Parish is affordable for renters, with a median gross rent of $1,010/month representing approximately 18.7% of median household income. The rent burden (GRAPI) stands at 28.0%.
Rent vs. Own
The median rent in Terrebonne Parish is $1,010/month, while owner costs run $829/month. Owning saves approximately $181/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $40,400/year. For owner costs at the 28% rule, the required income is roughly $35,529/year. With a median household income of $64,819, most households can comfortably afford rent here. Notably, 28.0% of renter households in Terrebonne Parish are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Louisiana, Terrebonne Parish is more affordable than Rapides Parish by roughly 7% ($1,010/mo vs $942/mo).
Affordability Calculator
See how your income compares to housing costs in Terrebonne Parish
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
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
What is the cost of living in Terrebonne Parish, Louisiana?
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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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