Cost of Living in Waggaman, LA

With a cost of living index of 88, Waggaman, LA is a very affordable place to live. Living here is 12% cheaper than the national average and 14% above the Louisiana state average of 74. Waggaman is a smaller community of 10,617 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Waggaman's cost of living. The median monthly rent is $1,417 (7% above the US median of $1,319), and the median home value sits at $158,500 (48% below the national median of $304,900). At current prices, the median home costs roughly 2.7x the median household income — well within traditional affordability guidelines.

The median household income in Waggaman is $59,566, which is 21% lower than the national median of $75,149. Residents spend roughly 29% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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 Waggaman. The area sees an average annual temperature of 70.5°F, with summers averaging 83°F and winters around 56°F. Annual rainfall totals 63.3 inches spread over roughly 115 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

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.