Cost of Living in Wallace Ridge, LA
Population: 660 | Louisiana
Wallace Ridge is 16% less expensive than the national average.
Cost of Living in Wallace Ridge, LA: What You Need to Know
With a cost of living index of 84, Wallace Ridge, LA is a very affordable place to live. Living here is 16% cheaper than the national average and 10% above the Louisiana state average of 74. Wallace Ridge is a small community of 660 residents.
The median household income in Wallace Ridge is $61,136, which is 19% lower than the national median of $75,149. 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 Wallace Ridge. 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.
Income
- Median Household Income
- $61,136
- vs US Median ($75,149)
- -19%
Housing
- Median Home Value
- $159,400
- Median Monthly Housing Cost
- $913/mo
Climate in Wallace Ridge
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 60 | 64 | 72 | 78 | 85 | 91 | 93 | 94 | 89 | 80 | 69 | 62 |
| Avg °F | 48 | 52 | 59 | 66 | 73 | 80 | 82 | 82 | 77 | 67 | 56 | 50 |
| Low °F | 37 | 40 | 47 | 53 | 61 | 68 | 71 | 70 | 65 | 53 | 43 | 38 |
| Rain" | 5.8 | 4.8 | 5.4 | 4.9 | 4.4 | 4.9 | 4.0 | 3.5 | 3.6 | 4.9 | 5.2 | 5.6 |