Cost of Living in Gibsland, LA

With a cost of living index of 55, Gibsland, LA is one of the most affordable cities in the country. Living here is 45% cheaper than the national average and 19% below the Louisiana state average of 74. Gibsland is a small community of 783 residents.

Housing costs are the biggest factor in Gibsland's cost of living. The median monthly rent is $545 (59% below the US median of $1,319), and the median home value sits at $92,400 (70% below the national median of $304,900). At current prices, the median home costs roughly 4.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Gibsland is $20,915, which is 72% lower than the national median of $75,149. Residents spend roughly 31% 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.

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.