States › Louisiana › New Iberia

Is New Iberia, LA expensive to live in?

OKRent takes 24 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,00343% lower than U.S. average
💵 Families earn per year (2026)$50,783about $4,232/month · 42% lower than U.S. average
🔑 House price$158,30052% lower than U.S. average

Rent is lower than in 88% of U.S. cities. A typical house costs about 3.1 years of household income. Commutes are short, about 19.7 minutes.

How much money do I need?

To rent here comfortably, you should earn about $40,120 a year. That is $19 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 28 of 102 cities from cheapest to most expensive.

New Iberia
$1,003
Laplace
$1,422
Slidell
$1,503
Central
$1,377
Terrytown
$1,605
Houma
$1,754
Marrero
$1,603

How much do households earn in New Iberia?

Under $25k
25.9%
$25k–50k
22.5%
$50k–100k
30.5%
$100k–150k
7.7%
$150k+
4.6%

Share of households by yearly income. 12.2% of households earn $100,000 or more.

Rent by apartment size in New Iberia

SizeNew IberiaU.S. average
Studio$589$1,338
1 bedroom$641$1,324
2 bedrooms$966$1,509
3 bedrooms$1,102$1,698
4 bedrooms$1,270$2,098

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

How expensive is New Iberia 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 New Iberia, so the Louisiana figure is shown.

Taxes and bills in New Iberia

🏛️ Property tax$661a year · 0.42% of home value · U.S. $3,119
⚡ Electric bill$189a month (typical) · U.S. $156

Life in New Iberia

Commute to work19.7 minU.S.: 26.4 min
College degree17.3%U.S.: 35.7%
Own their home51.5%U.S.: 65.2%
Below poverty line26.7%U.S.: 12.5%
Unemployment10.7%U.S.: 5.2%

Is it cheaper to rent or buy in New Iberia?

Renting is cheaper right now: about $95 a month less.

Renting
$1,003
Owning
$1,098

Owning assumes a typical $158,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,830 for the down payment.

Frequently asked questions

What is the average rent in New Iberia, LA?

Renting in New Iberia costs a median of about $1,003 a month in 2026, including utilities. The Louisiana median is $1,165.

How much do I need to make to live in New Iberia?

To keep rent under 30% of income, you need about $40,120 a year, or $19 an hour at a full-time job.

Is New Iberia cheap or expensive?

New Iberia is rated OK: rent takes 23.7% of the typical household income of $50,783. It ranks 28th cheapest of 102 Louisiana cities we track.

How much are property taxes in New Iberia?

The median homeowner in New Iberia pays $661 a year in property taxes, about 0.42% of the median home value.

Is New Iberia 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 New Iberia?

The median home value in New Iberia is $158,300, about 3.1 times the typical yearly household income.

27,571 people live in New Iberia. Numbers are typical (middle) values.