New Iberia, LA

Very Low · 55

Louisiana · Population 27,926 · Updated March 2026

$878
Median Rent / Month
$50,802
Median Income
$150,300
Median Home Value
$791
Owner Costs / Month

Affordability

How far your income goes in New Iberia

20.7%
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

$10,536
Annual Rent
$2,159
State Income Tax
$827
Property Tax (est.)

Cost of Living Overview

New Iberia 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), New Iberia residents can expect to pay median rent of $878/month while earning a median household income of $50,802/year.

The median home value in New Iberia, LA is $150,300, with typical monthly owner costs around $791 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.7% 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 New Iberia.

Frequently Asked Questions

Common questions about living costs in New Iberia

What is the cost of living in New Iberia, LA?
The cost of living index in New Iberia, LA is 55 (US average = 100). Median monthly rent is $878, median household income is $50,802/year, and the median home value is $150,300.
Is New Iberia, LA affordable?
Yes, New Iberia is more affordable than the national average with a cost index of 55. The rent-to-income ratio is 20.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in New Iberia, LA?
The median gross rent in New Iberia, LA is $878 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,536.
What is the median household income in New Iberia?
The median household income in New Iberia, LA is $50,802 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%.