Key Economic Benchmarks
Median Household Income
$64,016$5,335 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Grant Parish, LA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Grant Parish, LA
Official FY2026 HUD Fair Market Rents for Alexandria, LA MSA. 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 | $728 | $8,736 | $29,120 | 13.6% |
| 1-Bedroom Apartment | $780 | $9,360 | $31,200 | 14.6% |
| 2-Bedroom ApartmentBenchmark | $994 | $11,928 | $39,760 | 18.6% |
| 3-Bedroom Home | $1,342 | $16,104 | $53,680 | 25.2% |
| 4-Bedroom Home | $1,523 | $18,276 | $60,920 | 28.5% |
50/30/20 Living Budget in Grant Parish, LA
Based on the local median household income of $64,016/year ($5,335/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 Grant Parish, LA
What is the median household income in Grant Parish, LA?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Grant Parish, LA is $64,016 per year (approximately $5,335 per month).
What is the average rent in Grant Parish, LA?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Grant Parish, LA are $728 for a studio, $780 for 1 bedroom, $994 for 2 bedrooms, $1,342 for 3 bedrooms, and $1,523 for 4 bedrooms.
How does the cost of living in Grant Parish, LA compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Grant Parish, LA is 85.7 (14.3% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Grant Parish, LA?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($994/month) in Grant Parish, LA requires a minimum gross household income of $39,760 per year ($3,313 per month).
What is a balanced 50/30/20 monthly budget in Grant Parish, LA?
For a typical household earning the median income of $64,016/year ($5,335/month) in Grant Parish, LA, a balanced 50/30/20 budget allocates $2,667/month to essential needs (rent, utilities, groceries), $1,600/month to discretionary spending, and $1,067/month to savings and debt repayment.
What are typical electricity and utility costs in Grant 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.