The 2017 Annual Average Cost of Living Index ranks the Shreveport- Bossier City Metropolitan Statistical Area (MSA) among some of the most affordable places to live in Louisiana.
The Cost of Living Index, published by the Council for Community and Economic Research, estimates the amount of money needed to sustain a certain level of living, including basic expenses such as housing, food, health care, etc. It is based on more than 50,000 prices collected from communities across the United States. The Cost of Living Index measures regional cost differences in consumer goods and services. It’s often used when comparing how expensive it is to live in one city versus another.
For the Shreveport-Bossier City MSA, the lowest cost category is utilities at 75.1 percent of the national average ̶ the lowest in the State. Housing is only 83.8 percent of the national average. The next lowest cost categories are transportation (93.4%); heath care (94.8%); miscellaneous goods and services (96.8%); and grocery items (99.2%).