Cost of Living in Mathews, LA

With a cost of living index of 81, Mathews, LA is a very affordable place to live. Living here is 19% cheaper than the national average and 7% above the Louisiana state average of 74. Mathews is a small community of 1,579 residents.

Housing costs are the biggest factor in Mathews's cost of living. The median monthly rent is $1,057 (20% below the US median of $1,319), and the median home value sits at $218,800 (28% 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 Mathews is $83,405, which is 11% higher than the national median of $75,149. Residents spend roughly 15% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the Houma-Bayou Cane-Thibodaux, 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.