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Cost of Living in De Soto Parish

Is it better to rent or buy in De Soto 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.

$54,335
$728/mo

Median in area: $728

$159,790

Median in area: $159,790

$31,958

If you Rent

🔑
$945 /mo
Base Rent$728
Est. Utilities$217
% of Income20.9%
Pre-tax Residual$3,583

If you Buy

🏠
$1,180 /mo
P&I (7.056%)$855
Taxes & Ins$108
Est. Utilities$217
% of Income26.1%
Pre-tax Residual$3,348

Compare Nearby Areas

See how De Soto Parish stacks up against neighboring areas.

countyPanola County, TX
$863/mo
countyShelby County, TX
$830/mo
countySabine Parish, LA
$774/mo
countyRed River Parish, LA
$780/mo
countyCaddo Parish, LA
$999/mo

Cost of Living FAQs

Is it cheaper to rent or buy in De Soto Parish?›

Based on median housing data, renting is currently more affordable on a monthly basis in De Soto Parish. The estimated all-in monthly cost for renting is $945, while owning a median-priced home with a 20% down payment is roughly $1,180 per month (a difference of $235).

How much do utilities cost in De Soto Parish?›

The average monthly utility cost (electricity and natural gas) for a typical home in De Soto Parish is approximately $217. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in De Soto Parish without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $37,800 per year.