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Cost of Living in Houma

Is it better to rent or buy in Houma? 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.

$63,861
$1,000/mo

Median in area: $1,000

$189,771

Median in area: $189,771

$37,954

If you Rent

🔑
$1,177 /mo
Base Rent$1,000
Est. Utilities$177
% of Income22.1%
Pre-tax Residual$4,145

If you Buy

🏠
$1,485 /mo
P&I (6.967%)$1,007
Taxes & Ins$301
Est. Utilities$177
% of Income27.9%
Pre-tax Residual$3,837

Cost of Living FAQs

Is it cheaper to rent or buy in Houma?›

Based on median housing data, renting is currently more affordable on a monthly basis in Houma. The estimated all-in monthly cost for renting is $1,177, while owning a median-priced home with a 20% down payment is roughly $1,485 per month (a difference of $308).

How much do utilities cost in Houma?›

The average monthly utility cost (electricity and natural gas) for a typical home in Houma is approximately $177. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Houma?›

To comfortably afford the median rent and utilities in Houma without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $47,080 per year.