States › Louisiana › Morgan City

Is Morgan City, LA expensive to live in?

OKRent takes 22 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,13835% lower than U.S. average
💵 Families earn per year (2026)$60,907about $5,076/month · 30% lower than U.S. average
🔑 House price$155,20053% lower than U.S. average

Rent is lower than in 80% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $45,520 a year. That is $22 an hour at a full-time job.

Is rent cheaper than other Louisiana cities?

Yes. Rent here is cheaper than in most of Louisiana. It is number 48 of 102 cities from cheapest to most expensive.

Morgan City
$1,138
Abbeville
$1,175
Belle Chasse
$1,563
Timberlane
$1,518
Waggaman
$1,589
Crowley
$625
Minden
$990

How much do households earn in Morgan City?

Under $25k
23.2%
$25k–50k
21.9%
$50k–100k
31.2%
$100k–150k
11.2%
$150k+
5.5%

Share of households by yearly income. 16.7% of households earn $100,000 or more.

Rent by apartment size in Morgan City

SizeMorgan CityU.S. average
Studio$104$1,338
1 bedroom$561$1,324
2 bedrooms$940$1,509
3 bedrooms$1,097$1,698
4 bedrooms$1,610$2,098

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

How expensive is Morgan City overall?

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

Housing
63
Goods (food, clothes…)
94
Utilities
71
Other services
96
U.S. average
100

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

Taxes and bills in Morgan City

🏛️ Property tax$433a year · 0.28% of home value · U.S. $3,119
⚡ Electric bill$240a month (typical) · U.S. $156

Life in Morgan City

Commute to work26 minU.S.: 26.4 min
College degree15.3%U.S.: 35.7%
Own their home57.1%U.S.: 65.2%
Below poverty line17.4%U.S.: 12.5%
Unemployment7.7%U.S.: 5.2%

Is it cheaper to rent or buy in Morgan City?

Buying is cheaper month to month: about $61 a month less than renting.

Renting
$1,138
Owning
$1,077

Owning assumes a typical $155,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,520 for the down payment.

Frequently asked questions

What is the average rent in Morgan City, LA?

Renting in Morgan City costs a median of about $1,138 a month in 2026, including utilities. The Louisiana median is $1,165.

How much do I need to make to live in Morgan City?

To keep rent under 30% of income, you need about $45,520 a year, or $22 an hour at a full-time job.

Is Morgan City cheap or expensive?

Morgan City is rated OK: rent takes 22.4% of the typical household income of $60,907. It ranks 48th cheapest of 102 Louisiana cities we track.

How much are property taxes in Morgan City?

The median homeowner in Morgan City pays $433 a year in property taxes, about 0.28% of the median home value.

Is Morgan City 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 Morgan City?

The median home value in Morgan City is $155,200, about 2.5 times the typical yearly household income.

11,064 people live in Morgan City. Numbers are typical (middle) values.