Morgan, LA

Very Low · 55

Louisiana · Population 11,208 · Updated March 2026

$861
Median Rent / Month
$56,729
Median Income
$146,100
Median Home Value
$814
Owner Costs / Month

Affordability

How far your income goes in Morgan

18.2%
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

$10,332
Annual Rent
$2,411
State Income Tax
$804
Property Tax (est.)

Cost of Living Overview

Morgan is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 55 (where 100 equals the national median), Morgan residents can expect to pay median rent of $861/month while earning a median household income of $56,729/year.

The median home value in Morgan, LA is $146,100, with typical monthly owner costs around $814 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.2% 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 Morgan.

Frequently Asked Questions

Common questions about living costs in Morgan

What is the cost of living in Morgan, LA?
The cost of living index in Morgan, LA is 55 (US average = 100). Median monthly rent is $861, median household income is $56,729/year, and the median home value is $146,100.
Is Morgan, LA affordable?
Yes, Morgan is more affordable than the national average with a cost index of 55. The rent-to-income ratio is 18.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Morgan, LA?
The median gross rent in Morgan, LA is $861 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,332.
What is the median household income in Morgan?
The median household income in Morgan, LA is $56,729 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%.