Safe Rate Local

Cost of Living in Terrebonne Parish

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

← Back to Terrebonne Parish Hub

Rent vs. Buy Affordability Calculator

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

$67,263
$1,031/mo

Median in area: $1,031

$197,907

Median in area: $197,907

$39,581

If you Rent

🔑
$1,205 /mo
Base Rent$1,031
Est. Utilities$174
% of Income21.5%
Pre-tax Residual$4,400

If you Buy

🏠
$1,562 /mo
P&I (7.135%)$1,068
Taxes & Ins$320
Est. Utilities$174
% of Income27.9%
Pre-tax Residual$4,044

Compare Nearby Areas

See how Terrebonne Parish stacks up against neighboring areas.

countyAssumption Parish, LA
$911/mo
countySt. Mary Parish, LA
$863/mo
countyLafourche Parish, LA
$1,005/mo

Cost of Living FAQs

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

Based on median housing data, renting is currently more affordable on a monthly basis in Terrebonne Parish. The estimated all-in monthly cost for renting is $1,205, while owning a median-priced home with a 20% down payment is roughly $1,562 per month (a difference of $357).

How much do utilities cost in Terrebonne Parish?›

The average monthly utility cost (electricity and natural gas) for a typical home in Terrebonne Parish is approximately $174. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

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