Cost of Living in Prospect, LA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
84.5
100 = national avg
-15.5 vs national average
Living Wage (1 Adult)
$37,186
per year
Living Wage (Family of 4)
$87,894
per year
Cost Index by Category
Housing83.7
Transportation79.3
Utilities95.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$780
per month
2 Bedroom
$994
per month
The overall cost of living index in Prospect is 84.5, which is 15.5% below the national average. Housing costs are below the national average at an index of 83.7. A single adult needs to earn approximately $37,186 per year to cover basic expenses.