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Cost of Living in Caddo Parish

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

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Rent vs. Buy Affordability Calculator

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

$58,426
$999/mo

Median in area: $999

$175,343

Median in area: $175,343

$35,069

If you Rent

🔑
$1,208 /mo
Base Rent$999
Est. Utilities$209
% of Income24.8%
Pre-tax Residual$3,661

If you Buy

🏠
$1,315 /mo
P&I (7.176%)$950
Taxes & Ins$156
Est. Utilities$209
% of Income27.0%
Pre-tax Residual$3,554

Compare Nearby Areas

See how Caddo Parish stacks up against neighboring areas.

countyMiller County, AR
$872/mo
countyPanola County, TX
$863/mo
countyHarrison County, TX
$1,024/mo
countyDe Soto Parish, LA
$728/mo
countyBossier Parish, LA
$1,262/mo

Cost of Living FAQs

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

Based on median housing data, renting is currently more affordable on a monthly basis in Caddo Parish. The estimated all-in monthly cost for renting is $1,208, while owning a median-priced home with a 20% down payment is roughly $1,315 per month (a difference of $107).

How much do utilities cost in Caddo Parish?›

The average monthly utility cost (electricity and natural gas) for a typical home in Caddo Parish is approximately $209. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Caddo Parish without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $48,320 per year.