Key Economic Benchmarks
Median Household Income
$64,836$5,403 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Terrebonne Parish, LA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Terrebonne Parish, LA
Official FY2026 HUD Fair Market Rents for Houma-Bayou Cane-Thibodaux, 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 | $760 | $9,120 | $30,400 | 14.1% |
| 1-Bedroom Apartment | $904 | $10,848 | $36,160 | 16.7% |
| 2-Bedroom ApartmentBenchmark | $1,102 | $13,224 | $44,080 | 20.4% |
| 3-Bedroom Home | $1,330 | $15,960 | $53,200 | 24.6% |
| 4-Bedroom Home | $1,459 | $17,508 | $58,360 | 27% |
50/30/20 Living Budget in Terrebonne Parish, LA
Based on the local median household income of $64,836/year ($5,403/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 Terrebonne Parish, LA
What is the median household income in Terrebonne Parish, LA?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Terrebonne Parish, LA is $64,836 per year (approximately $5,403 per month).
What is the average rent in Terrebonne Parish, LA?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Terrebonne Parish, LA are $760 for a studio, $904 for 1 bedroom, $1,102 for 2 bedrooms, $1,330 for 3 bedrooms, and $1,459 for 4 bedrooms.
How does the cost of living in Terrebonne Parish, LA compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Terrebonne Parish, LA is 85.1 (14.9% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Terrebonne Parish, LA?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,102/month) in Terrebonne Parish, LA requires a minimum gross household income of $44,080 per year ($3,673 per month).
What is a balanced 50/30/20 monthly budget in Terrebonne Parish, LA?
For a typical household earning the median income of $64,836/year ($5,403/month) in Terrebonne Parish, LA, a balanced 50/30/20 budget allocates $2,702/month to essential needs (rent, utilities, groceries), $1,621/month to discretionary spending, and $1,081/month to savings and debt repayment.
What are typical electricity and utility costs in Terrebonne 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.