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Cost of Living in Shreveport

Is it better to rent or buy in Shreveport? 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.

$50,260
$1,000/mo

Median in area: $1,000

$153,854

Median in area: $153,854

$30,771

If you Rent

🔑
$1,205 /mo
Base Rent$1,000
Est. Utilities$205
% of Income28.8%
Pre-tax Residual$2,983

If you Buy

🏠
$1,160 /mo
P&I (6.913%)$812
Taxes & Ins$143
Est. Utilities$205
% of Income27.7%
Pre-tax Residual$3,029

Cost of Living FAQs

Is it cheaper to rent or buy in Shreveport?›

Based on median housing data, buying is currently more affordable on a monthly basis in Shreveport. The estimated all-in monthly cost for renting is $1,205, while owning a median-priced home with a 20% down payment is roughly $1,160 per month (a difference of $45).

How much do utilities cost in Shreveport?›

The average monthly utility cost (electricity and natural gas) for a typical home in Shreveport is approximately $205. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Shreveport without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $48,200 per year.