Cost of living in Red Chute 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 Red Chute 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 Red Chute is 92, with 100 being the average.
The cost of living index in Red Chute is 0.9x lower than the national average.
Red Chute ranks as the #63 cheapest in Louisiana out of 109.
Red Chute ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Red Chute is $171,700.
The median income in Red Chute is $62,404.
According to the most recent data on the cost of living, Red Chute has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Louisiana, Red Chute has a cost of living index that's 1.0x lower than Louisiana's index of 92.
The standard of living in Red Chute ranks as #63 most affordable out of the 109 places we measured in Louisiana. By definition, that implies Red Chute ranks as the #46 most expensive place in the Pelican State.
For more reading on life in Red Chute, check out:
Six factors go into calculating the cost of living index in Red Chute. Here is how it fairs on each of the criteria:
The Services index in Red Chute is 96.
The Groceries index in Red Chute is 98.
The Health index in Red Chute is 101.
The Housing index in Red Chute is 80.
The Transportation index in Red Chute is 91.
The Utilities index in Red Chute is 89.
|Living Expense||Red Chute||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 Red Chute is $171,700.
The Median Rent in Red Chute is $1,082.
The Median Income in Red Chute is $62,404.
The Home Value To Income in Red Chute is 2.8x.
The Rent To Monthly Income in Red Chute is 0.21x.
|Statistic||Red Chute||Louisiana||United States|
|Median Home Value||$171,700||$174,000||$244,900|
|Home Value To Income||2.8x||3.2x||3.5x|
|Rent To Monthly Income||0.21x||0.21x||0.2x|
The cost of living varies in the cities and towns around Red Chute. Here's a quick look at the cost of living in the most populous nearby places:
Shreveport, LA has a cost of living index of 88, 1.0x Red Chute.
Marshall, TX has a cost of living index of 82, 0.9x Red Chute.
Jamestown, ND has a cost of living index of 91, 1.0x Red Chute.