C
5%
Overall NAT. AVG.
3%
Goods & Services NAT. AVG.
23%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index River Ridge Louisiana National
Cost of living10591100
Goods & Services10396100
Groceries9695100
Health care11499100
Housing12381100
Transportation9296100
Utilities7884100

An Overview of Cost of Living in River Ridge, LA

Are you thinking about relocating, but curious about the potential cost of living in River Ridge? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in River Ridge stands at 105, making it 5% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

The cost of living in River Ridge is about average when compared to all other cities across the nation. You can expect that everyday items like food, goods and services and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.

Housing costs significantly influence the River Ridge cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 23.1%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Is River Ridge Affordable?

Is River Ridge affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in River Ridge, the median home price is 35% higher than the national average and monthly rent prices are 4.6% lower than the typical rates. Additionally, the median income levels play a role in affordability, with River Ridge boasting a median household income of $72,056, 30.2% higher than the national average.

What Factors can Influence the Cost of Living in River Ridge?

Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in River Ridge comes in at 22.4% lower than the national average.

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In River Ridge, the standard sales tax rate starts at 4.45%, and the income tax rates commence at 1.85%.

Where is the Data From?

The River Ridge cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in River Ridge is 16% higher than the Louisiana average
  • The cost of living in River Ridge is 5% higher than the national average
  • River Ridge housing is 23% higher than the national average
  • Louisiana general sales tax is 13% lower than the national average
  • Louisiana state income tax is 29% lower than the national average

Most Affordable Places to Live in and Around River Ridge

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Compare River Ridge, LA Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$79,771$6,648$1,861$2,393
      Renters$38,947$3,246$909$1,169
      A good indicator of the general affordability of housing in River Ridge, LA, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In River Ridge, the median monthly income is $79,771 for those who own their own homes. Under the standard rule, that income level would allow for $1,861 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $38,947, per the median income in the area. That would allow for renters to spend up to $909 on monthly rental expenses.

      Louisiana Sales Tax

      State General Sales Tax With Max Surtax
      Louisiana 4.45% 11.45%

      Louisiana Income Tax

      State Income Tax (Low) Income Tax (High)
      Louisiana 1.85% 4.25%

      Goods & Services

      Item River Ridge National avg. Difference
      Haircut $21.67$24.2610.7%
      Beauty Salon $43.17$45.565.3%
      Toothpaste $3.57$3.703.6%
      Shampoo $1.22$1.284.5%
      Movie $13.30$12.139.6%
      Bowling $12.33$18.0031.5%

      Groceries

      Item River Ridge National avg. Difference
      Ground Beef $6.15$5.845.3%
      Fried Chicken $1.39$1.5711.6%
      Milk $4.55$4.672.5%
      Potatoes $5.31$4.937.5%
      Pizza $12.61$12.094.3%
      Beer $10.23$10.411.7%

      Health Care

      Item River Ridge National avg. Difference
      Optometrist $128.17$125.682.0%
      Doctor $127.78$135.785.9%
      Dentist $129.44$113.2914.3%
      Ibuprofen $10.46$10.651.8%
      Lipitor $482.03$468.602.9%

      Housing

      Item River Ridge National avg. Difference
      Home Price $249,300.00$184,700.0035.0%
      Avg. Mortgage Payment $1,882.94$2,346.6919.8%
      Apartment Rent $905.00$949.004.6%

      Transportation

      Item River Ridge National avg. Difference
      Gasoline $3.14$3.469.2%
      Tire Balancing $68.00$59.9213.5%

      Utilities

      Item River Ridge National avg. Difference
      All Electricity $149.86$193.9922.8%
      Phone $186.90$192.252.8%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Taft, LA15973.1%
      Pleasure Bend, LA3008416.1%
      Bridge City, LA6,4098811.6%
      New Sarpy, LA1,2659010.4%
      Avondale, LA4,8899010.3%
      River Ridge, LA13,6901054.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Holly Springs, GA13,68211414.0%
      Dallas, GA13,680964.4%
      Monticello, MN13,7001087.7%
      Short Hills, NJ13,700260160.2%
      Palmetto, FL13,678982.2%
      River Ridge, LA13,6901054.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.