Cost of Living in Farmerville, LA

With a cost of living index of 61, Farmerville, LA is one of the most affordable cities in the country. Living here is 39% cheaper than the national average and 13% below the Louisiana state average of 74. Farmerville is a small community of 3,331 residents.

Housing costs are the biggest factor in Farmerville's cost of living. The median monthly rent is $745 (44% below the US median of $1,319), and the median home value sits at $111,100 (64% below the national median of $304,900). At current prices, the median home costs roughly 5x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Farmerville is $22,191, which is 70% lower than the national median of $75,149. Residents spend roughly 40% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Monroe, LA (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.