Cost of living in Wallace, Louisiana

Cost of living
compared to USA

low

Cost of living
compared to Louisiana

low

Median household
income

high

Is it expensive to live in Wallace, Louisiana? When calculating the cost of living in Wallace, Louisiana we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in Wallace, Louisiana is lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Louisiana, while median household income in Wallace is $77,656 which is high Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Louisiana.

Taxes in Wallace, Louisiana

The sales tax rate in Wallace, Louisiana is 9.7%. Last year, the average property taxes paid was 0.4% Wallace, Louisiana.

Here is the table with the State Income Taxes in the state of Louisiana:

State Income Tax Brackets:

Income Brackets(single):	Income Brackets(Married):	Louisiana Income Tax Rate
$0 - $12,500	$0 - $25,000	1.9%
$12,500 - $50,000	$25,000 - $100,000	3.5%
>= $50,000	>= $100,000	4.2%

Housing costs in Wallace, Louisiana

The average cost of
a single-family home
compated to USA

low

The average cost of
a single-family home
compated to Louisiana

moderate

In Wallace, Louisiana, 74.0% of the population owns their homes, while approximately 26.0% rent. The average cost of a single-family home in Wallace, Louisiana in 2023 is $184,413 which is lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Louisiana. The average one-bedroom apartment cost is approximately $910 per month.

Rental Size	Monthly Cost	Compared to Louisiana
1 Bedroom	$910	highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom	$1,070	highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom	$1,380	highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom	$1,600	highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest