Cost of living in Cut Off research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Cut Off is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Louisiana, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Cut Off is 88, with 100 being the average.
The cost of living index in Cut Off is 0.9x lower than the national average.
Cut Off ranks as the #36 cheapest in Louisiana out of 109.
Cut Off ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Cut Off is $166,900.
The median income in Cut Off is $74,920.
According to the most recent data on the cost of living, Cut Off has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Louisiana, Cut Off has a cost of living index that's 1.0x lower than Louisiana's index of 92.
The standard of living in Cut Off ranks as #36 most affordable out of the 109 places we measured in Louisiana. By definition, that implies Cut Off ranks as the #73 most expensive place in the Pelican State.
For more reading on life in Cut Off, check out:
Six factors go into calculating the cost of living index in Cut Off. Here is how it fairs on each of the criteria:
The Services index in Cut Off is 97.
The Groceries index in Cut Off is 96.
The Health index in Cut Off is 95.
The Housing index in Cut Off is 71.
The Transportation index in Cut Off is 99.
The Utilities index in Cut Off is 93.
|Living Expense||Cut Off||Louisiana||National Average|
Housing swings affordability the most between places in Louisiana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Cut Off is $166,900.
The Median Rent in Cut Off is $925.
The Median Income in Cut Off is $74,920.
The Home Value To Income in Cut Off is 2.2x.
The Rent To Monthly Income in Cut Off is 0.15x.
|Statistic||Cut Off||Louisiana||United States|
|Median Home Value||$166,900||$174,000||$244,900|
|Home Value To Income||2.2x||3.2x||3.5x|
|Rent To Monthly Income||0.15x||0.21x||0.2x|
The cost of living varies in the cities and towns around Cut Off. Here's a quick look at the cost of living in the most populous nearby places:
New Orleans, LA has a cost of living index of 100, 1.1x Cut Off.
Metairie, LA has a cost of living index of 102, 1.2x Cut Off.
Kenner, LA has a cost of living index of 99, 1.1x Cut Off.
|City||Population||Cost Of Living||Vs. Cut Off|
|New Orleans, LA||383,974||100||1.1x|