LA · Rank 46 of 50 affordable
Can teachers afford to live in Louisiana?
Tight, but workable.
The average Louisiana teacher earns $56,785 per year. A typical 2-bedroom rents for about $1,569/mo, which is 33% of gross monthly pay. The 30% rule is the standard healthy benchmark.
Avg Teacher Salary
$56,785
Cost-of-Living Index
92.3
US avg = 100
Affordability Score
39/100
Renting in Louisiana
2BR Rent / mo
$1,569
Annual Rent
$18,829
% of Salary
33%
Left after rent
$3,163/mo
Green zone is under the 30% healthy housing benchmark.
Buying a Home in Louisiana
Median Home Price
$387,660
10% Down
$38,766
P&I (7%, 30yr)
$2,321/mo
Full PITI
$2,790/mo
Estimated mortgage payment as a share of average teacher monthly gross pay, including taxes & insurance.
Estimates assume a 10% down payment, 7% 30-year fixed rate, 1.1% property tax, and 0.35% home insurance. Actual rates and prices vary by district and metro area.