Key Economic Benchmarks
Median Household Income
$39,943$3,329 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Concordia Parish, LA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Concordia Parish, LA
Official FY2026 HUD Fair Market Rents for Concordia Parish, LA. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $601 | $7,212 | $24,040 | 18.1% |
| 1-Bedroom Apartment | $647 | $7,764 | $25,880 | 19.4% |
| 2-Bedroom ApartmentBenchmark | $834 | $10,008 | $33,360 | 25.1% |
| 3-Bedroom Home | $1,139 | $13,668 | $45,560 | 34.2% |
| 4-Bedroom Home | $1,249 | $14,988 | $49,960 | 37.5% |
50/30/20 Living Budget in Concordia Parish, LA
Based on the local median household income of $39,943/year ($3,329/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Louisiana
Explore net income after federal income tax, FICA, and Louisiana state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Louisiana with official federal datasets:
Frequently Asked Questions About Living in Concordia Parish, LA
What is the median household income in Concordia Parish, LA?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Concordia Parish, LA is $39,943 per year (approximately $3,329 per month).
What is the average rent in Concordia Parish, LA?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Concordia Parish, LA are $601 for a studio, $647 for 1 bedroom, $834 for 2 bedrooms, $1,139 for 3 bedrooms, and $1,249 for 4 bedrooms.
How does the cost of living in Concordia Parish, LA compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Concordia Parish, LA is 88.2 (11.8% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Concordia Parish, LA?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($834/month) in Concordia Parish, LA requires a minimum gross household income of $33,360 per year ($2,780 per month).
What is a balanced 50/30/20 monthly budget in Concordia Parish, LA?
For a typical household earning the median income of $39,943/year ($3,329/month) in Concordia Parish, LA, a balanced 50/30/20 budget allocates $1,664/month to essential needs (rent, utilities, groceries), $999/month to discretionary spending, and $666/month to savings and debt repayment.
What are typical electricity and utility costs in Concordia Parish, LA?
Residential electricity rates in Louisiana average 13.5¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $121 per month.