Cost of Living in Homer, LA

With a cost of living index of 56, Homer, LA is one of the most affordable cities in the country. Living here is 44% cheaper than the national average and 18% below the Louisiana state average of 74. Homer is a small community of 2,694 residents.

Housing costs are the biggest factor in Homer's cost of living. The median monthly rent is $687 (48% below the US median of $1,319), and the median home value sits at $55,500 (82% below the national median of $304,900). At current prices, the median home costs roughly 2.6x the median household income — well within traditional affordability guidelines.

The median household income in Homer is $21,396, which is 72% lower than the national median of $75,149. Residents spend roughly 39% 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.