Cost of Living in Fifth Ward, LA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
83.9
100 = national avg
-16.1 vs national average
Living Wage (1 Adult)
$36,929
per year
Living Wage (Family of 4)
$87,286
per year
Cost Index by Category
Housing85.3
Food88.1
Transportation76.1
Healthcare90.4
Utilities89.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$653
per month
2 Bedroom
$857
per month
The overall cost of living index in Fifth Ward is 83.9, which is 16.1% below the national average. Housing costs are below the national average at an index of 85.3. A single adult needs to earn approximately $36,929 per year to cover basic expenses.