Cost of Living in Houma
Houma's cost of living runs genuinely low across housing, rent, and both state and local taxes, offset by Louisiana's real, elevated statewide insurance costs.
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Learn moreGenuinely affordable housing and rent
Houma's average home value ran approximately $184,223 (Zillow), with an overall average monthly rent of approximately $1,150 -- roughly 41% below the national average of approximately $1,951.
Terrebonne Parish's below-national property tax
Terrebonne Parish's own median effective property tax rate ran approximately 0.62%, with a median annual tax bill of approximately $698 -- $1,702 below the national median.
Weigh Louisiana's elevated insurance costs
Louisiana's statewide average homeowners-insurance cost ran approximately $6,274-$7,304/year in 2026, with full hurricane coverage for coastal properties like Houma's potentially running $4,000-$9,000/year.
Key takeaways
- Houma's housing (~$184,223 average) and rent (~41% below national average) run genuinely affordable.
- Terrebonne Parish's property tax rate (~0.62%) runs genuinely below the national median.
- Louisiana's elevated statewide insurance costs are a real, meaningful offset to weigh, given Houma's coastal position.
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