Cost of Living in Woodmere, LA

With a cost of living index of 89, Woodmere, LA is a very affordable place to live. Living here is 11% cheaper than the national average and 15% above the Louisiana state average of 74. Woodmere is a smaller community of 11,775 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Woodmere's cost of living. The median monthly rent is $1,374 (4% above the US median of $1,319), and the median home value sits at $187,000 (39% below the national median of $304,900). At current prices, the median home costs roughly 2.5x the median household income — well within traditional affordability guidelines.

The median household income in Woodmere is $73,615, which is 2% 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.

Climate is another factor for anyone considering a move to Woodmere. 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.