Cost of Living in Olla, LA

With a cost of living index of 54, Olla, LA is one of the most affordable cities in the country. Living here is 46% cheaper than the national average and 20% below the Louisiana state average of 74. Olla is a small community of 1,315 residents.

Housing costs are the biggest factor in Olla's cost of living. The median monthly rent is $443 (66% below the US median of $1,319), and the median home value sits at $117,800 (61% below the national median of $304,900). At current prices, the median home costs roughly 3.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Olla is $34,444, which is 54% lower 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. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Olla. The area sees an average annual temperature of 66°F, with summers averaging 81°F and winters around 50°F. Annual rainfall totals 57.1 inches spread over roughly 113 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

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.