Louisiana · Census, HUD and BEA figures · Updated

Cost of Living in Assumption Parish, LA

Prices around Assumption Parish, LA run 9.2% below the U.S. average (BEA, the metro area). The typical household there earns $51,423 a year, and HUD puts a two-bedroom at $967 a month. Keeping that rent under 30% of income takes about $38,680 a year.

Assumption Parish, LA at a glance

Median household income

$51,423$4,285 per month · U.S. Census Bureau ACS 5-Year
2-bedroom rent$967HUD FY2026 Fair Market Rent
Price level (U.S. = 100)90.8-9.2% · BEA, the metro area
Electricity13.5¢per kWh · EIA Residential LA
Population20,484Census ACS 5-year estimate

How much rent can you afford in Assumption Parish, LA?

HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.

Affordable (< 30% of income)
HUD Fair Market Rent$967Monthly market rent
Share of gross income22.6%Recommended max: 30%
Annual income needed$38,680To meet the 30% standard
Max affordable rent$1,286At 30% of $51,423
0%30% (Affordability standard)100%
Compare against:

How much is rent in Assumption Parish, LA? By bedroom, 2026

HUD's fiscal 2026 Fair Market Rents for Assumption Parish, LA HUD Metro FMR Area, with the income each one takes if rent stays under 30% of it.

HUD Fair Market Rent in Assumption Parish, LA, fiscal 2026
Unit SizeMonthly RentAnnual Rent30% Rule Min. Income% of Median Income
Studio / Efficiency$801$9,612$32,04018.7%
1-Bedroom Apartment$806$9,672$32,24018.8%
2-Bedroom ApartmentBenchmark$967$11,604$38,68022.6%
3-Bedroom Home$1,345$16,140$53,80031.4%
4-Bedroom Home$1,556$18,672$62,24036.3%

Rent in Assumption Parish, LA, with the wage each unit needs →

What a typical income covers in Assumption Parish, LA

The 50/30/20 rule applied to the local median of $51,423 a year ($4,285 a month before tax).

Needs (50%)$2,143/moRent ($967 2-BR), utilities (~$121/mo), groceries, transit
Wants (30%)$1,286/moEating out, travel, subscriptions and the rest
Savings and debt (20%)$857/moEmergency fund, retirement, paying down loans

What $51,423 leaves after Louisiana taxes

Federal income tax, Social Security, Medicare and Louisiana tax on the local median income. Change the salary to see yours.

$51,423
$20,000$105,000
Filing status:
Gross salary breakdown$51,423
Net 82%
Fed 8%
LA 2%
FICA 8%
Annual take-home$42,342After all taxes
Monthly deposit$3,529Estimated per month
Biweekly paycheck$1,629Every 2 weeks (26/yr)
Effective tax rate17.7%Total tax burden
Federal income tax$3,991 / yr
Louisiana state income tax$1,156 / yr
FICA (Social Security & Medicare)$3,934 / yr

Living in Assumption Parish, LA: common questions

What is the median household income in Assumption Parish, LA?

According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Assumption Parish, LA is $51,423 per year (approximately $4,285 per month).

What is the average rent in Assumption Parish, LA?

The closest official figure is HUD's Fair Market Rent for 2026: $801 for a studio, $806 for one bedroom, $967 for two, $1,345 for three and $1,556 for four, utilities included.

It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.

Is Assumption Parish, LA expensive to live in?

Prices there run 9.2% below the U.S. average. BEA's regional price parity for the metro area is 90.8, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.

How much do you need to earn to comfortably afford rent in Assumption Parish, LA?

To keep a $967 two-bedroom under 30% of gross income, a household needs about $38,680 a year, or $3,223 a month. That is 75% of what the typical household in Assumption Parish, LA earns.

How much do you need to live comfortably in Assumption Parish, LA?

On the local median income of $51,423 ($4,285 a month before tax), the 50/30/20 rule leaves $2,143 a month for needs like rent, utilities and groceries, $1,286 for everything else and $857 for savings or debt. A two-bedroom at $967 takes 45% of the needs share.

How much is the electric bill in Assumption Parish, LA?

Homes in Louisiana paid 13.5¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $121. Your bill depends mostly on heating and cooling.