Key Economic Benchmarks
Median Household Income
$42,885$3,574 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Union Parish, LA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Union Parish, LA
Official FY2026 HUD Fair Market Rents for Monroe, LA HUD Metro FMR Area. 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 | $765 | $9,180 | $30,600 | 21.4% |
| 1-Bedroom Apartment | $793 | $9,516 | $31,720 | 22.2% |
| 2-Bedroom ApartmentBenchmark | $1,026 | $12,312 | $41,040 | 28.7% |
| 3-Bedroom Home | $1,319 | $15,828 | $52,760 | 36.9% |
| 4-Bedroom Home | $1,358 | $16,296 | $54,320 | 38% |
50/30/20 Living Budget in Union Parish, LA
Based on the local median household income of $42,885/year ($3,574/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 Union Parish, LA
What is the median household income in Union Parish, LA?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Union Parish, LA is $42,885 per year (approximately $3,574 per month).
What is the average rent in Union Parish, LA?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Union Parish, LA are $765 for a studio, $793 for 1 bedroom, $1,026 for 2 bedrooms, $1,319 for 3 bedrooms, and $1,358 for 4 bedrooms.
How does the cost of living in Union Parish, LA compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Union Parish, LA is 83.6 (16.4% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Union Parish, LA?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,026/month) in Union Parish, LA requires a minimum gross household income of $41,040 per year ($3,420 per month).
What is a balanced 50/30/20 monthly budget in Union Parish, LA?
For a typical household earning the median income of $42,885/year ($3,574/month) in Union Parish, LA, a balanced 50/30/20 budget allocates $1,787/month to essential needs (rent, utilities, groceries), $1,072/month to discretionary spending, and $715/month to savings and debt repayment.
What are typical electricity and utility costs in Union 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.