Safe Rate Local

Cost of Living in Assumption Parish

Is it better to rent or buy in Assumption Parish? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

← Back to Assumption Parish Hub

Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$52,454
$911/mo

Median in area: $911

$141,849

Median in area: $141,849

$28,370

If you Rent

🔑
$1,083 /mo
Base Rent$911
Est. Utilities$172
% of Income24.8%
Pre-tax Residual$3,288

If you Buy

🏠
$1,138 /mo
P&I (7.123%)$764
Taxes & Ins$202
Est. Utilities$172
% of Income26.0%
Pre-tax Residual$3,233

Compare Nearby Areas

See how Assumption Parish stacks up against neighboring areas.

countyTerrebonne Parish, LA
$1,031/mo
countyAscension Parish, LA
$1,340/mo
countySt. James Parish, LA
$1,210/mo
countyLafourche Parish, LA
$1,005/mo
countySt. Martin Parish, LA
$887/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Assumption Parish?›

Based on median housing data, renting is currently more affordable on a monthly basis in Assumption Parish. The estimated all-in monthly cost for renting is $1,083, while owning a median-priced home with a 20% down payment is roughly $1,138 per month (a difference of $55).

How much do utilities cost in Assumption Parish?›

The average monthly utility cost (electricity and natural gas) for a typical home in Assumption Parish is approximately $172. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Assumption Parish?›

To comfortably afford the median rent and utilities in Assumption Parish without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $43,320 per year.