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Cost of Living in Richland Parish

Is it better to rent or buy in Richland 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.

$54,414
$907/mo

Median in area: $907

$133,688

Median in area: $133,688

$26,738

If you Rent

🔑
$1,120 /mo
Base Rent$907
Est. Utilities$213
% of Income24.7%
Pre-tax Residual$3,415

If you Buy

🏠
$1,020 /mo
P&I (7.209%)$727
Taxes & Ins$80
Est. Utilities$213
% of Income22.5%
Pre-tax Residual$3,515

Compare Nearby Areas

See how Richland Parish stacks up against neighboring areas.

countyWest Carroll Parish, LA
$786/mo
countyOuachita Parish, LA
$1,023/mo
countyCaldwell Parish, LA
$985/mo
countyMorehouse Parish, LA
$830/mo
countyFranklin Parish, LA
$764/mo

Cost of Living FAQs

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

Based on median housing data, buying is currently more affordable on a monthly basis in Richland Parish. The estimated all-in monthly cost for renting is $1,120, while owning a median-priced home with a 20% down payment is roughly $1,020 per month (a difference of $100).

How much do utilities cost in Richland Parish?›

The average monthly utility cost (electricity and natural gas) for a typical home in Richland Parish is approximately $213. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Richland Parish without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $44,800 per year.