CostIndexUSA

Hartford, CT vs Lake Charles, LA Cost of Living

Data: BEA Regional Price Parities · Census ACS · 2024

CT
Hartford
102.7
overall index
$1,875/mo rent
More AffordableLA
Lake Charles
85.9
overall index
$1,150/mo rent

Lake Charles is significantly cheaper than Hartford — 16.4% lower overall cost of living.

To match an $80,000 salary in Hartford, you would need $66,900 in Lake Charles. Calculate your salary ↓

Category Breakdown

Index values: 100 = U.S. national average. Higher = more expensive.

🏠 Housing−53.0%
Hartford
110.2
Lake Charles
51.8
🛒 Groceries−3.7%
Hartford
97.3
Lake Charles
93.7
🚗 Transportation−6.8%
Hartford
107.8
Lake Charles
100.5
🏥 Healthcare−6.8%
Hartford
97.5
Lake Charles
90.9
⚡ Utilities−50.5%
Hartford
144.9
Lake Charles
71.7

Salary Equivalency Calculator

Enter your current salary in Hartford to see what you'd need to earn in Lake Charles to maintain the same purchasing power.

$
→
Equivalent salary in Lake Charles, LA
$66,900
$13,100 less needed in Lake Charles

Formula: salary × (85.9 ÷ 102.7) = salary × 0.8364. Based on BEA Regional Price Parities.

Housing Market

Hartford, CT

Median Home Price
$377,000
Median Monthly Rent
$1,875
Housing Index
110.2
Price-to-Rent Ratio
16.8×

Lake Charles, LA

Median Home Price
$190,000
Median Monthly Rent
$1,150
Housing Index
51.8
Price-to-Rent Ratio
13.8×

Hartford has 53.0% lower housing costs compared to Lake Charles.

Income & Job Market

Hartford, CT

Median Household Income
$92,200
Per Capita Income
$52,600
Unemployment Rate
4.3%
Population
121,054
Top Industries
FinanceInsuranceHealthcareGovernmentEducation

Lake Charles, LA

Median Household Income
$65,100
Per Capita Income
$37,100
Unemployment Rate
4%
Population
77,403
Top Industries
EnergyPetrochemicalsHealthcareGamingManufacturing

Affordability at a Glance

Income-to-rent ratio: higher is better (more income relative to housing costs).

Hartford, CT
4.1×income-to-rent ratio

76% of income left after rent (median)

Lake Charles, LA
4.7×income-to-rent ratio

79% of income left after rent (median)

Hartford vs other cities

Hartford, CT
vs
Bridgeport, CT
Index: 102.7Index: 106.9
Hartford, CT
vs
New Haven, CT
Index: 102.7Index: 104.6
Hartford, CT
vs
Waterbury, CT
Index: 102.7Index: 99.8
Hartford, CT
vs
Vallejo, CA
Index: 102.7Index: 108.5
Hartford, CT
vs
Rochester, MN
Index: 102.7Index: 90.8

Lake Charles vs other cities

Lake Charles, LA
vs
Baton Rouge, LA
Index: 85.9Index: 90.8
Lake Charles, LA
vs
Lafayette, LA
Index: 85.9Index: 87.2
Lake Charles, LA
vs
Monroe, LA
Index: 85.9Index: 83.6
Lake Charles, LA
vs
Appleton, WI
Index: 85.9Index: 92.4
Lake Charles, LA
vs
Jonesboro, AR
Index: 85.9Index: 85.9

Data Sources: Bureau of Economic Analysis (BEA) Regional Price Parities 2024; U.S. Census Bureau American Community Survey (ACS); Bureau of Labor Statistics (BLS) Local Area Unemployment Statistics; Zillow Research.

Cost indices use 100 as the U.S. national average. Values above 100 indicate costs above the national average. Data is updated annually.

This data is for informational purposes only and should not be used as the sole basis for relocation or financial decisions.