Houma, LA

Very Low · 69

Louisiana · Population 32,760 · Updated March 2026

$1,011
Median Rent / Month
$54,637
Median Income
$207,900
Median Home Value
$977
Owner Costs / Month

Affordability

How far your income goes in Houma

22.2%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Louisiana

State-level tax rates that affect your costs

4.25%
Income Tax (Top Rate)
4.45%
Sales Tax
0.55%
Property Tax Rate

Estimated Annual Costs

$12,132
Annual Rent
$2,322
State Income Tax
$1,143
Property Tax (est.)

Cost of Living Overview

Houma is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 69 (where 100 equals the national median), Houma residents can expect to pay median rent of $1,011/month while earning a median household income of $54,637/year.

The median home value in Houma, LA is $207,900, with typical monthly owner costs around $977 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.2% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Louisiana has a moderate income tax rate of 4.25%. Combined with a 4.45% sales tax rate and 0.55% effective property tax rate, the overall tax environment is a factor in the total cost of living in Houma.

Frequently Asked Questions

Common questions about living costs in Houma

What is the cost of living in Houma, LA?
The cost of living index in Houma, LA is 69 (US average = 100). Median monthly rent is $1,011, median household income is $54,637/year, and the median home value is $207,900.
Is Houma, LA affordable?
Yes, Houma is more affordable than the national average with a cost index of 69. The rent-to-income ratio is 22.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Houma, LA?
The median gross rent in Houma, LA is $1,011 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,132.
What is the median household income in Houma?
The median household income in Houma, LA is $54,637 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Louisiana?
Louisiana has a top income tax rate of 4.25%, a sales tax of 4.45%, and an effective property tax rate of 0.55%.