Cost of Living in Houma, LA
Population 32,392 · Census ACS 2020–2024 5-year estimates
The median rent in Houma, LA is $1,058/month, about the same as the Louisiana median and 25% lower than the U.S. median. The median home value is $205,900, 38% lower than the national median. Households earn a median of $58,194 a year, 4% lower than the state median.
Affordability
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Houma vs. Louisiana vs. U.S.
| Houma | Louisiana | U.S. | |
|---|---|---|---|
| Median rent | $1,058 | $1,064 | $1,413 |
| Median home value | $205,900 | $216,500 | $332,700 |
| Median household income | $58,194 | $60,756 | $80,734 |
| Homeownership rate | 72.4% | 67.4% | 65.2% |
| Bachelor's degree or higher | 23.8% | 27.0% | 35.7% |
| Poverty rate | 16.3% | 18.9% | 12.5% |
| Unemployment rate | 3.3% | 6.3% | 5.2% |
| Work from home | 3.7% | 8.1% | 15.1% |
| Median age | 34.9 | 38.0 | 38.9 |
FAQ
What is the average rent in Houma, LA?
The median gross rent in Houma, LA is $1,058 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Houma, LA?
Using the common 30% rule, renting a median-priced home takes about $42,320 a year in gross income.
Is Houma, LA expensive to live in?
Rent there is 25% lower than the U.S. median, and the median home costs about 3.5 times the median household income.
Other cities in Louisiana
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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