Housing costs in Melrose?
A typical home costs
$71,300, which is 78.9% less expensive than the national average of
$338,100 and 61.4% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Melrose costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 29.9% cheaper than the state average of
$1,000.
Can I afford Melrose?
To live comfortably in Melrose (zip 71452), Louisiana, a minimum annual income of
$13,680 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Melrose?
The cost of living in 71452 Melrose, LA is relatively low compared to many other cities and towns throughout the United States. The median household income is $31,943, which is below the national average of $57,652. Property taxes are also much lower than the US average, with an effective tax rate of 0.50%. Home prices are also quite affordable for the area, averaging around $98,000 for a single-family home. There are no expensive amenities or services but residents have access to basic necessities such as groceries and utilities at reasonable costs. Overall, Melrose offers its residents a comfortable lifestyle while keeping costs low.