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)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Terrebonne Parish Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Terrebonne Parish ranks #1,985 of 3,142 counties for affordability (bottom 37%)
Sourced county brief
Terrebonne Parish Renter Cost Burden Estimated at 25.0%
The official median gross rent as a percentage of household income (GRAPI) in Terrebonne Parish is 25.0%. This is 7.7 percentage points below the Louisiana unweighted county mean of 32.7%. The median gross rent in the parish was estimated at $1,065 per month, which is above the state unweighted county mean of $914. For those who own their homes, the median home value is $187,200, compared to the state unweighted county mean of $167,369. Median selected monthly owner costs are $844, while the state unweighted county mean is $738. Renter-household income is reported at $44,068. These snapshots represent the financial characteristics of housing tenure groups in the parish according to the 2020-2024 ACS 5-Year Estimates. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Terrebonne Parish
Affordability Verdict
ACS B25071 estimates median gross rent at 25.0% of renter household income in Terrebonne Parish, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,065 per month; median selected monthly owner costs are $844. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $42,600 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Louisiana unweighted mean of county median rents is $914 per month. Terrebonne Parish's $1,065 median is 16.5% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Terrebonne Parish
Rent Burden
19.7%
of gross income
Max Housing (28% Rule)
$1,513
per month
Owner Cost Burden
15.6%
of gross income
You can likely afford the median home in Terrebonne Parish
Median home value is $187,200. Estimated monthly cost: $1,494 vs. your max of $1,513.
Rent Affordability Guide
Income Needed Calculator
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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 (2020-2024). Data is informational only and is not personalized financial advice.
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