#29
Louisiana
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State Facts
Minimum Wage
$7.25
Average Renter Wage
$14.07
2-Bedroom Housing Wage
$16.63
Number of Renter Households
598,613
Percent Renters
35%
Affordable Rent for Low Income Households
Fair Market Rent
Working at
minimum wage
$7.25/hr
Each week you
have to work
76HOURS!
To afford a modest
1 bedroom
rental home at
Fair Market Rent
Compare Jurisdictions
| Number of Households | Louisiana | Acadia Parish HMFA |
|---|---|---|
| Total | 1,731,398 | 22,655 |
| Renter | 598,613 | 6,547 |
| Percent Renters | 35% | 29% |
| Housing Wage | Louisiana | Acadia Parish HMFA |
|---|---|---|
| Zero-Bedroom | $11.97 | $9.23 |
| One-Bedroom | $13.79 | $9.83 |
| Two-Bedroom | $16.63 | $13.08 |
| Three-Bedroom | $21.49 | $17.90 |
| Four-Bedroom | $24.95 | $19.67 |
| Fair Market Rent | Louisiana | Acadia Parish HMFA |
|---|---|---|
| Zero-Bedroom | $623 | $480 |
| One-Bedroom | $717 | $511 |
| Two-Bedroom | $865 | $680 |
| Three-Bedroom | $1,117 | $931 |
| Four-Bedroom | $1,298 | $1,023 |
| Annual Income Needed to Afford | Louisiana | Acadia Parish HMFA |
|---|---|---|
| Zero-Bedroom | $24,903 | $19,200 |
| One-Bedroom | $28,688 | $20,440 |
| Two-Bedroom | $34,597 | $27,200 |
| Three-Bedroom | $44,698 | $37,240 |
| Four-Bedroom | $51,903 | $40,920 |
| Minimum Wage | Louisiana | Acadia Parish HMFA |
|---|---|---|
| Minimum Wage | $7.25 | $7.25 |
| Rent Affordable at Minimum Wage | $377 | $377 |
| Work Hours/Week at Minimum Wage | Louisiana | Acadia Parish HMFA |
|---|---|---|
| Zero-Bedroom | 66 | 51 |
| One-Bedroom | 76 | 54 |
| Two-Bedroom | 92 | 72 |
| Three-Bedroom | 119 | 99 |
| Four-Bedroom | 138 | 109 |
| Renter Wage | Louisiana | Acadia Parish HMFA |
|---|---|---|
| Estimated Mean Renter Wage | $14.07 | $9.42 |
| Rent Affordable at Mean Renter Wage | $732 | $490 |
| Work Hours/Week at Mean Renter Wage | Louisiana | Acadia Parish HMFA |
|---|---|---|
| Zero-Bedroom | 34 | 39 |
| One-Bedroom | 39 | 42 |
| Two-Bedroom | 47 | 56 |
| Three-Bedroom | 61 | 76 |
| Four-Bedroom | 71 | 84 |
| Supplemental Security Income (SSI) Payment | Louisiana | Acadia Parish HMFA |
|---|---|---|
| SSI Monthly Payment | $750 | $750 |
| Rent Affordable to SSI Recipient | $225 | $225 |
| Income Levels | Louisiana | Acadia Parish HMFA |
|---|---|---|
| 30% of Area Median Income (AMI) | $18,761 | $14,820 |
| Estimated Renter Median Household Income | $28,832 | $23,492 |
| Rent Affordable at Different Income Levels | Louisiana | Acadia Parish HMFA |
|---|---|---|
| 30% of Area Median Income (AMI) | $469 | $371 |
| Estimated Renter Median Household Income | $721 | $587 |
*50th percentile FMR area (See Appendix B of full book for more information).
†Renter wage data not available.
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