Cost of Living in Elmwood, LA: Rent, Income & Home Prices

OKRent takes 22 cents of every $1 people earn here.

🏠 Rent per month (2026)$1,762same as U.S. average

💵 Families earn per year (2026)$96,450about $8,038/month · 11% higher than U.S. average

🔑 House price$188,10043% lower than U.S. average

Rent is higher than in 55% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 17.9 minutes. Most households rent (87%), so there are plenty of rental options. It is a highly educated city: 60.6% of adults have a college degree.

How much money do I need?

To rent here comfortably, you should earn about $70,480 a year. That is $34 an hour at a full-time job.

Is rent cheaper than other Louisiana cities?

No. Rent here is more expensive than in most of Louisiana. It is number 97 of 102 cities from cheapest to most expensive.

Elmwood

$1,762

$942

$684

$893

$690

$932

$2,282

How much do households earn in Elmwood?

Under $25k

6.8%

$25k–50k

19.5%

$50k–100k

45.8%

$100k–150k

24.5%

$150k+

2.1%

Share of households by yearly income. 26.6% of households earn $100,000 or more.

Rent by apartment size in Elmwood

Size	Elmwood	U.S. average
Studio	$1,721	$1,338
1 bedroom	$1,498	$1,324
2 bedrooms	$1,807	$1,509

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Elmwood overall?

Everyday prices in Louisiana overall are 12% below the U.S. average (index 88.2, U.S. = 100).

Housing

Goods (food, clothes…)

Utilities

Other services

U.S. average

100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Elmwood, so the Louisiana figure is shown.

Taxes and bills in Elmwood

🏛️ Property tax$1,345a year · 0.72% of home value · U.S. $3,119

⚡ Electric bill$109a month (typical) · U.S. $156

Life in Elmwood

Commute to work17.9 minU.S.: 26.4 min

College degree60.6%U.S.: 35.7%

Own their home12.7%U.S.: 65.2%

Below poverty line7.7%U.S.: 12.5%

Unemployment4.8%U.S.: 5.2%

Is it cheaper to rent or buy in Elmwood?

Buying is cheaper month to month: about $457 a month less than renting.

Renting

$1,762

Owning

$1,305

Owning assumes a typical $188,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $18,810 for the down payment.

Frequently asked questions

What is the average rent in Elmwood, LA?

Renting in Elmwood costs a median of about $1,762 a month in 2026, including utilities. The Louisiana median is $1,165.

How much do I need to make to live in Elmwood?

To keep rent under 30% of income, you need about $70,480 a year, or $34 an hour at a full-time job.

Is Elmwood cheap or expensive?

Elmwood is rated OK: rent takes 21.9% of the typical household income of $96,450. It ranks 97th cheapest of 102 Louisiana cities we track.

How much are property taxes in Elmwood?

The median homeowner in Elmwood pays $1,345 a year in property taxes, about 0.72% of the median home value.

Is Elmwood more expensive than the national average?

Overall prices in Louisiana are 12% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Elmwood?

The median home value in Elmwood is $188,100, about 2.0 times the typical yearly household income.

6,077 people live in Elmwood. Numbers are typical (middle) values.

Is Elmwood, LA expensive to live in?