Cost of Living in Terrytown, LA

With a cost of living index of 82, Terrytown, LA is a very affordable place to live. Living here is 18% cheaper than the national average and 7% above the Louisiana state average of 74. With a population of 25,844, Terrytown is a mid-sized community that balances access to services with a more manageable cost of living compared to larger metros.

Housing costs are the biggest factor in Terrytown's cost of living. The median monthly rent is $1,065 (19% below the US median of $1,319), and the median home value sits at $212,000 (30% below the national median of $304,900). At current prices, the median home costs roughly 3.7x the median household income — a moderately affordable ratio by today's standards.

The median household income in Terrytown is $56,944, which is 24% lower than the national median of $75,149. Residents spend roughly 22% 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 Terrytown. The area sees an average annual temperature of 68.2°F, with summers averaging 81°F and winters around 54°F. Annual rainfall totals 63.8 inches spread over roughly 125 days.

Everyday prices in the New Orleans-Metairie, 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.