Morgan City, LA Cost Of Living
Cost Of Living In Morgan City, LA Summary
Cost of living in Morgan City 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 Morgan City 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 Morgan City is 90, with 100 being the average.
The cost of living index in Morgan City is 0.9x lower than the national average.
Morgan City ranks as the #46 cheapest in Louisiana out of 109.
Morgan City ranks as the #1,633 cheapest out of 6,412 in the US.
The median home value in Morgan City is $130,500.
The median income in Morgan City is $42,877.
Table Of Contents
Morgan City's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Morgan City, LA?
According to the most recent data on the cost of living, Morgan City has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to Louisiana, Morgan City has a cost of living index that's 1.0x lower than Louisiana's index of 92.
The standard of living in Morgan City ranks as #46 most affordable out of the 109 places we measured in Louisiana. By definition, that implies Morgan City ranks as the #63 most expensive place in the Pelican State.
For more reading on life in Morgan City, check out:
- Living In Morgan City
- Morgan City Crime Report
- Search Homes For Sale In Morgan City, LA
In Louisiana
In America
Morgan City Cost Of Living Vs. Louisiana
Six factors go into calculating the cost of living index in Morgan City. Here is how it fairs on each of the criteria:
The Services index in Morgan City is 94.
The Groceries index in Morgan City is 95.
The Health index in Morgan City is 102.
The Housing index in Morgan City is 69.
The Transportation index in Morgan City is 104.
The Utilities index in Morgan City is 92.
| Living Expense | Morgan City | Louisiana | National Average | |
|---|---|---|---|---|
| Overall | 90 | 92 | 100 | |
| Services | 94 | 96 | 100 | |
| Groceries | 95 | 96 | 100 | |
| Health | 102 | 99 | 100 | |
| Housing | 69 | 83 | 100 | |
| Transportation | 104 | 96 | 100 | |
| Utilities | 92 | 86 | 100 | |
Morgan City, LA Housing Cost Breakdown
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 Morgan City is $130,500.
The Median Rent in Morgan City is $814.
The Median Income in Morgan City is $42,877.
The Home Value To Income in Morgan City is 3.0x.
The Rent To Monthly Income in Morgan City is 0.23x.
| Statistic | Morgan City | Louisiana | United States |
|---|---|---|---|
| Median Home Value | $130,500 | $174,000 | $244,900 |
| Median Rent | $814 | $923 | $1,163 |
| Median Income | $42,877 | $53,571 | $69,021 |
| Home Value To Income | 3.0x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.21x | 0.2x |
Median Home Value
Median Rent
Median Income
Morgan City, LA Costs By Category
Detailed Morgan City Services Costs Vs. Louisiana
| Item | Morgan City | Louisiana |
|---|---|---|
| Shampoo | $0.88 | $1.06 |
| Movie | $12.14 | $10.68 |
| Bowling | $8.17 | $14.67 |
| Haircut | $20.93 | $18.62 |
| Beauty Salon | $28.26 | $39.05 |
Detailed Morgan City Groceries Costs Vs. Louisiana
| Item | Morgan City | Louisiana |
|---|---|---|
| Ground Beef | $4.58 | $4.22 |
| Fried Chicken | $0.94 | $1.39 |
| Milk | $2.21 | $2.05 |
| Potatoes | $3.84 | $3.29 |
| Pizza | $8.49 | $10.62 |
| Beer | $8.82 | $9.38 |
| Toothpaste | $2.24 | $2.34 |
Detailed Morgan City Health Costs Vs. Louisiana
| Item | Morgan City | Louisiana |
|---|---|---|
| Optometrist | $109.33 | $108.57 |
| Doctor | $77.5 | $116.17 |
| Dentist | $129.78 | $99.13 |
Detailed Morgan City Transportation Costs Vs. Louisiana
| Item | Morgan City | Louisiana |
|---|---|---|
| Gasoline | $2.06 | $2.22 |
| Tire Balancing | $59.99 | $50.07 |
Detailed Morgan City Utilities Costs Vs. Louisiana
| Item | Morgan City | Louisiana |
|---|---|---|
| All Electricity | $149.86 | $167.67 |
| Phone | $180.18 | $175.64 |
Morgan City SnackAbility
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