Louisiana
In Louisiana, the Fair Market Rent (FMR) for a two-bedroom apartment is $719. In order to afford this level of rent and utilities, without paying more than 30% of income on housing, a household must earn $2,396 monthly or $28,751 annually. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into a Housing Wage of $13.82.
In Louisiana, a minimum wage worker earns an hourly wage of $5.15. In order to afford the FMR for a two-bedroom apartment, a minimum wage earner must work 107 hours per week, 52 weeks per year. Or, a household must include 2.7 minimum wage earner(s) working 40 hours per week year-round in order to make the two bedroom FMR affordable.
In Louisiana, the estimated mean (average) wage for a renter is $9.93 an hour. In order to afford the FMR for a two-bedroom apartment at this wage, a renter must work 56 hours per week, 52 weeks per year. Or, working 40 hours per week year-round, a household must include 1.4 worker(s) earning the mean renter wage in order to make the two-bedroom FMR affordable.
Monthly Supplemental Security Income (SSI) payments for an individual are $603 in Louisiana. If SSI represents an individual's sole source of income, $181 in monthly rent is affordable, while the FMR for a one-bedroom is $612.
A unit is considered affordable if it costs no more than 30% of the renter's income.
For an explanation of these data, see How to use the Numbers / Where the Numbers Come From.
If necessary, use the scroll bar at the bottom of the table to view additional jurisdictions.
| Louisiana | Orleans Parish | |
| Number of Households (2000) | ||
| Total | 1,656,053 | 188,251 |
| Renter | 531,058 | 100,716 |
| % Renter | 32% | 54% |
| 2006 Area Median Income1 | ||
| Annual | $49,033 | $52,300 |
| Monthly | $4,086 | $4,358 |
| 30% of AMI2 | $14,710 | $15,690 |
| Maximum Affordable3 Monthly Housing Cost by % of Family AMI | ||
| 30% | $368 | $392 |
| 50% | $613 | $654 |
| 80% | $981 | $1,046 |
| 100% | $1,226 | $1,308 |
| 2007 Fair Market Rent (FMR)4 | ||
| Zero-Bedroom | $556 | $755 |
| One-Bedroom | $612 | $836 |
| Two-Bedroom | $719 | $978 |
| Three-Bedroom | $923 | $1,256 |
| Four-Bedroom | $994 | $1,298 |
| % Change from 2000 Base Rent to 2007 FMR | ||
| Zero-Bedroom | 50% | 79% |
| One-Bedroom | 50% | 80% |
| Two-Bedroom | 50% | 79% |
| Three-Bedroom | 50% | 80% |
| Four-Bedroom | 49% | 80% |
| Annual Income Needed to Afford FMR | ||
| Zero-Bedroom | $22,233 | $30,200 |
| One-Bedroom | $24,487 | $33,440 |
| Two-Bedroom | $28,751 | $39,120 |
| Three-Bedroom | $36,901 | $50,240 |
| Four-Bedroom | $39,746 | $51,920 |
| Percent of Family AMI Needed to Afford FMR | ||
| Zero-Bedroom | 45% | 58% |
| One-Bedroom | 50% | 64% |
| Two-Bedroom | 59% | 75% |
| Three-Bedroom | 75% | 96% |
| Four-Bedroom | 81% | 99% |
| 2006 Renter Household Income | ||
| Estimated Median5 | $24,709 | $21,862 |
| Percent Needed to Afford 2 BR FMR | 116% | 179% |
| Rent Affordable at Median | $618 | $547 |
| % Renters Unable to Afford 2 BR FMR6 | 55% | 73% |
| 2005 Renter Wage | ||
| Estimated Mean Renter Wage7 | $9.93 | $12.26 |
| Rent Affordable at Mean Wage | $516 | $637 |
| 2006 Minimum Wage | ||
| Minimum Wage | $5.15 | $5.15 |
| Rent Affordable at Minimum Wage | $268 | $268 |
| 2006 Supplemental Security Income | ||
| Monthly SSI Payment | $603 | $603 |
| Rent Affordable at SSI | $181 | $181 |
| Housing Wage | ||
| Zero-Bedroom | $10.69 | $14.52 |
| One-Bedroom | $11.77 | $16.08 |
| Two-Bedroom | $13.82 | $18.81 |
| Three-Bedroom | $17.74 | $24.15 |
| Four-Bedroom | $19.11 | $24.96 |
| Housing Wage as % of Minimum Wage | ||
| Zero-Bedroom | 208% | 282% |
| One-Bedroom | 229% | 312% |
| Two-Bedroom | 268% | 365% |
| Three-Bedroom | 344% | 469% |
| Four-Bedroom | 371% | 485% |
| Housing Wage as % of Mean Renter Wage | ||
| Zero-Bedroom | 108% | 118% |
| One-Bedroom | 119% | 131% |
| Two-Bedroom | 139% | 153% |
| Three-Bedroom | 179% | 197% |
| Four-Bedroom | 192% | 204% |
| Work Hours/Week at Minimum Wage Needed to Afford FMR | ||
| Zero-Bedroom | 83 | 113 |
| One-Bedroom | 91 | 125 |
| Two-Bedroom | 107 | 146 |
| Three-Bedroom | 138 | 188 |
| Four-Bedroom | 148 | 194 |
| Work Hours/Week at Mean Renter Wage Needed to Afford FMR | ||
| Zero-Bedroom | 43 | 47 |
| One-Bedroom | 47 | 52 |
| Two-Bedroom | 56 | 61 |
| Three-Bedroom | 71 | 79 |
| Four-Bedroom | 77 | 81 |
| Full-time Jobs at Minimum Wage Needed to Afford FMR | ||
| Zero-Bedroom | 2.1 | 2.8 |
| One-Bedroom | 2.3 | 3.1 |
| Two-Bedroom | 2.7 | 3.7 |
| Three-Bedroom | 3.4 | 4.7 |
| Four-Bedroom | 3.7 | 4.8 |
| Full-time Jobs at Mean Renter Wage Needed to Afford FMR | ||
| Zero-Bedroom | 1.1 | 1.2 |
| One-Bedroom | 1.2 | 1.3 |
| Two-Bedroom | 1.4 | 1.5 |
| Three-Bedroom | 1.8 | 2.0 |
| Four-Bedroom | 1.9 | 2.0 |
| Louisiana | Orleans Parish | |
| Louisiana | Orleans Parish | |
| Number of Households (2000) | ||
| Total | 1,656,053 | 188,251 |
| Renter | 531,058 | 100,716 |
| % Renter | 32% | 54% |
| 2006 Area Median Income1 | ||
| Annual | $49,033 | $52,300 |
| Monthly | $4,086 | $4,358 |
| 30% of AMI2 | $14,710 | $15,690 |
| Maximum Affordable3 Monthly Housing Cost by % of Family AMI | ||
| 30% | $368 | $392 |
| 50% | $613 | $654 |
| 80% | $981 | $1,046 |
| 100% | $1,226 | $1,308 |
| 2007 Fair Market Rent (FMR)4 | ||
| Zero-Bedroom | $556 | $755 |
| One-Bedroom | $612 | $836 |
| Two-Bedroom | $719 | $978 |
| Three-Bedroom | $923 | $1,256 |
| Four-Bedroom | $994 | $1,298 |
| % Change from 2000 Base Rent to 2007 FMR | ||
| Zero-Bedroom | 50% | 79% |
| One-Bedroom | 50% | 80% |
| Two-Bedroom | 50% | 79% |
| Three-Bedroom | 50% | 80% |
| Four-Bedroom | 49% | 80% |
| Annual Income Needed to Afford FMR | ||
| Zero-Bedroom | $22,233 | $30,200 |
| One-Bedroom | $24,487 | $33,440 |
| Two-Bedroom | $28,751 | $39,120 |
| Three-Bedroom | $36,901 | $50,240 |
| Four-Bedroom | $39,746 | $51,920 |
| Percent of Family AMI Needed to Afford FMR | ||
| Zero-Bedroom | 45% | 58% |
| One-Bedroom | 50% | 64% |
| Two-Bedroom | 59% | 75% |
| Three-Bedroom | 75% | 96% |
| Four-Bedroom | 81% | 99% |
| 2006 Renter Household Income | ||
| Estimated Median5 | $24,709 | $21,862 |
| Percent Needed to Afford 2 BR FMR | 116% | 179% |
| Rent Affordable at Median | $618 | $547 |
| % Renters Unable to Afford 2 BR FMR6 | 55% | 73% |
| 2005 Renter Wage | ||
| Estimated Mean Renter Wage7 | $9.93 | $12.26 |
| Rent Affordable at Mean Wage | $516 | $637 |
| 2006 Minimum Wage | ||
| Minimum Wage | $5.15 | $5.15 |
| Rent Affordable at Minimum Wage | $268 | $268 |
| 2006 Supplemental Security Income | ||
| Monthly SSI Payment | $603 | $603 |
| Rent Affordable at SSI | $181 | $181 |
| Housing Wage | ||
| Zero-Bedroom | $10.69 | $14.52 |
| One-Bedroom | $11.77 | $16.08 |
| Two-Bedroom | $13.82 | $18.81 |
| Three-Bedroom | $17.74 | $24.15 |
| Four-Bedroom | $19.11 | $24.96 |
| Housing Wage as % of Minimum Wage | ||
| Zero-Bedroom | 208% | 282% |
| One-Bedroom | 229% | 312% |
| Two-Bedroom | 268% | 365% |
| Three-Bedroom | 344% | 469% |
| Four-Bedroom | 371% | 485% |
| Housing Wage as % of Mean Renter Wage | ||
| Zero-Bedroom | 108% | 118% |
| One-Bedroom | 119% | 131% |
| Two-Bedroom | 139% | 153% |
| Three-Bedroom | 179% | 197% |
| Four-Bedroom | 192% | 204% |
| Work Hours/Week at Minimum Wage Needed to Afford FMR | ||
| Zero-Bedroom | 83 | 113 |
| One-Bedroom | 91 | 125 |
| Two-Bedroom | 107 | 146 |
| Three-Bedroom | 138 | 188 |
| Four-Bedroom | 148 | 194 |
| Work Hours/Week at Mean Renter Wage Needed to Afford FMR | ||
| Zero-Bedroom | 43 | 47 |
| One-Bedroom | 47 | 52 |
| Two-Bedroom | 56 | 61 |
| Three-Bedroom | 71 | 79 |
| Four-Bedroom | 77 | 81 |
| Full-time Jobs at Minimum Wage Needed to Afford FMR | ||
| Zero-Bedroom | 2.1 | 2.8 |
| One-Bedroom | 2.3 | 3.1 |
| Two-Bedroom | 2.7 | 3.7 |
| Three-Bedroom | 3.4 | 4.7 |
| Four-Bedroom | 3.7 | 4.8 |
| Full-time Jobs at Mean Renter Wage Needed to Afford FMR | ||
| Zero-Bedroom | 1.1 | 1.2 |
| One-Bedroom | 1.2 | 1.3 |
| Two-Bedroom | 1.4 | 1.5 |
| Three-Bedroom | 1.8 | 2.0 |
| Four-Bedroom | 1.9 | 2.0 |
| Louisiana | Orleans Parish | |
If necessary, use the scroll bar to view additional jurisdictions.
| C H A R T F O O T N O T E S | |
|---|---|
| 1. | HUD, 2006. |
| 2. | Annual income of 30% of AMI or less is the federal standard for Extremely Low Income households. Does not include HUD-specific adjustments. |
| 3. | "Affordable" rents represent the generally accepted standard of spending not more than 30% of income on housing costs. |
| 4. | HUD, 2006; final as of October 1. |
| 5. | Census 2000 median renter household income, adjusted to a 2006 value using HUD's income adjustment factor. |
| 6. | Estimated by comparing the percent of renter median household income required to afford the two-bedroom FMR to the percent distribution of renter household income as a percent of the median within the state, as measured using 2005 American Community Survey Public Use Microdata Sample. States are the most local level for which these data are available. |
| 7. | Estimated mean renter wage is based on BLS data and adjusted using the ratio of renter to total household income reported in Census 2000. |
| * | 50th percentile FMR (See Appendix B). |
| † | BLS Quarterly Census of Employment and Wages Data Unavailable (See Appendix A). |
| For a listing of towns within FMR areas in New England States, see Appendix C. | |
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