Waggaman, LA

Below Avg · 79

Louisiana · Population 10,617 · Updated March 2026

$1,417
Median Rent / Month
$59,566
Median Income
$158,500
Median Home Value
$1,188
Owner Costs / Month

Affordability

How far your income goes in Waggaman

28.5%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$17,004
Annual Rent
$2,532
State Income Tax
$872
Property Tax (est.)

Cost of Living Overview

Waggaman is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 79 (where 100 equals the national median), Waggaman residents can expect to pay median rent of $1,417/month while earning a median household income of $59,566/year.

The median home value in Waggaman, LA is $158,500, with typical monthly owner costs around $1,188 including mortgage, insurance, and taxes. With a rent-to-income ratio of 28.5%, Waggaman falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Waggaman.

Frequently Asked Questions

Common questions about living costs in Waggaman

What is the cost of living in Waggaman, LA?
The cost of living index in Waggaman, LA is 79 (US average = 100). Median monthly rent is $1,417, median household income is $59,566/year, and the median home value is $158,500.
Is Waggaman, LA affordable?
Yes, Waggaman is more affordable than the national average with a cost index of 79. The rent-to-income ratio is 28.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Waggaman, LA?
The median gross rent in Waggaman, LA is $1,417 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,004.
What is the median household income in Waggaman?
The median household income in Waggaman, LA is $59,566 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%.