Cost of Living in Elmwood, LA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
123.8
100 = national avg
+23.8 vs national average
Living Wage (1 Adult)
$54,465
per year
Living Wage (Family of 4)
$128,734
per year
Cost Index by Category
Housing131.5
Food113.6
Transportation127.3
Healthcare110.9
Utilities114.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,113
per month
2 Bedroom
$1,331
per month
The overall cost of living index in Elmwood is 123.8, which is 23.8% above the national average. Housing costs are above the national average at an index of 131.5. A single adult needs to earn approximately $54,465 per year to cover basic expenses.