COST OF LIVING

ACCRA Cost of Living Index – Shreveport-Bossier City Metropolitan Area

The Council for Community and Economic Research (C2ER) produces the ACCRA Cost of Living Index to provide a useful and reasonable accurate measure to compare cost of living differences among urban areas. Items on which the Index is based have been carefully chosen to reflect the different categories of consumer expenditures. Weights assigned to relative costs are based on government survey data on expenditure patterns for mid-management households. All items are priced in each place at a specified time and according to standardized specifications. The index is based on the following categories: Grocery (13.61%), Housing (27.59%), Utilities (10.06%), Transportation (9.59%), Healthcare (4.00%) and Miscellaneous (35.15%).

[visualizer id=”1423″]Source: The Council for Community and Economic Research (C2ER) Cost of Living Index
*Index and average prices are based on 2018 annual average data.

Home Price Comparison

Greater Shreveport-Bossier City area offers a wide selection of housing.
Figures below represent new, mid-management homes with approximately 2,400-square-foot living area in new house; 8,000-square-foot lot; 4 bedrooms; 2 baths.

[visualizer id=”1428″]Source: The Council for Community and Economic Research (C2ER) Cost of Living Index
*Index and average prices are based on 2018 annual average data.

Struggling to pay

Many people, especially in urban areas, are facing bigger problems where they are struggling to pay for their homes or apartments, never mind the cost of living. They may find themselves speaking with experts like simon conn to get help, and while this helps many people it may not be universal for all. There are many reasons for people ending up in the situations they find themselves in, with a need to be close to work or schools for families being a key feature. This is leading to many people taking out dramatic loans they cannot pay, having to move back home or even worse becoming homeless. Companies like GoFundMe (find more information on the link) could help people to raise enough money to stay on their feet until they think of a more permanent plan to afford the cost of living in their accommodation, or move somewhere else they can afford. Before going forward with the plan to relocate near Charlotte or some other locality, it can be beneficial to dig for information on real estate, rent, mortgage, and living costs. You can also contact a few Charlotte realtors, either online or through your personal contacts, and get some professional assistance. Preparing in advance can make move home easier.

If moving house is the only option that seems viable, they could consider looking here to see how they can move homes without causing themselves too much stress. Additionally, they might want to switch energy suppliers too once they’ve moved in. That could save them some money each month, allowing them to pay other bills. Luckily, there are multiple things that a homeowner can do to cut costs here and there.

Information updated November 2019