Cost of Living in Vernon Parish, Louisiana

$1,038/mo
Median Monthly Rent
$143,500
Median Home Value
19% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,038/mo
19% above state average
Median Home Value
$143,500
49% below national
Rent-to-Income Ratio
25.0%
% 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 Vernon Parish Compares

Median monthly rent comparison

Vernon Parish$1,038/mo
Louisiana Average$873/mo
National Median$1,163/mo

Detailed Housing Stats

$1,038/mo
Median Gross Rent
$143,500
Median Home Value
$593/mo
Monthly Owner Cost
25.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Vernon Parish, Louisiana

Vernon rents stretch household budgets

Renters in Vernon Parish spend 21.4% of their income on rent, exceeding the 30% affordability threshold but edging above the national comfort zone. With median household income at $58,281 and median rent at $1,038 monthly, housing costs claim a significant portion of earnings.

Above state average for affordability

Vernon Parish's 21.4% rent-to-income ratio exceeds Louisiana's 19.5% state average, placing it among the less affordable rental markets statewide. The median rent of $1,038 is $165 higher than the state average, a notable gap for working families.

Vernon rents higher than Vermilion

Vernon Parish renters pay substantially more than neighbors in Vermilion Parish—$1,038 versus $802 monthly, a difference of $236 annually per household. Despite higher rents, Vernon's median home value of $143,500 undercuts Vermilion's $159,700.

Rent takes bigger share of income

The $1,038 median rent consumes 21.4% of Vernon's $58,281 annual household income, above the national comfort threshold but manageable for dual-income households. Homeowners invest $593 monthly, representing 12.2% of income for mortgage and ownership costs.

Vernon offers trade-offs for movers

Vernon Parish suits renters with moderate incomes willing to dedicate slightly more to housing costs in exchange for lower home prices than comparable parishes. Homebuyers benefit from median values under $144,000, making ownership accessible despite rental pressures.

Affordability Calculator

See how your income compares to housing costs in Vernon Parish

$

Rent Burden

21.4%

of gross income

Max Housing (28% Rule)

$1,360

per month

Owner Cost Burden

12.2%

of gross income

You can likely afford the median home in Vernon Parish

Median home value is $143,500. Estimated monthly cost: $1,146 vs. your max of $1,360.

Rent Affordability Guide

Your rent-to-income ratio21.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Vernon Parish, Louisiana?
Vernon Parish, Louisiana has a median monthly rent of $1,038/mo and a median home value of $143,500. The affordability rating is Unaffordable, with rent making up approximately 25.0% of median household income.
What is the median rent in Vernon Parish?
The median gross rent in Vernon Parish is $1,038/mo. This is 19% above state average for Louisiana.
Is Vernon Parish affordable?
Vernon Parish is rated Unaffordable based on rent-to-income ratio of 25.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Vernon Parish's rent compare to the state average?
Vernon Parish's median rent of $1,038/mo is 19% above state average of $873/mo for Louisiana.
What is the median home value in Vernon Parish?
The median home value in Vernon Parish, Louisiana is $143,500. This is 49% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.