Cost of Living in Taft, Louisiana
Taft is a Census-designated place in St. Charles Parish, Louisiana, with a population of 63. The total cost of housing, food, child care, transportation, health care, taxes, and other necessities for a single adult in Taft is $38,146 a year — greater than the annual cost of living for Louisiana of $35,133 yet roughly in line with the national figure of $38,433.
Using cost of living data from the nonprofift think tank Economic Policy Institute, 24/7 Wall St. estimated the cost of living in Taft and over 29,000 other cities and towns in the US.
Transportation Costs in Taft, Louisiana
Transportation can also be a significant component of cost of living. In Taft, 100.00% of commuters drive to work, compared to 85.5% of commuters nationwide. An estimated 55.00% of workers commute to jobs outside of Taft, a larger share than the 43.7% share of commuters nationwide who live and work in different cities. The average commute in Taft is N minutes long, compared to the 26.6-minute average commute nationwide. Taking into account the cost of gas, as well as public transit and car maintenance, the EPI estimates that a single person in Taft spends $10,478 a year on transportation, more than the national average of $9,760.
Health Care Costs in Taft, Louisiana
Out-of-pocket health care costs and insurance premiums — assuming at least a basic level of health insurance coverage — are far higher than they are on average nationwide in Taft but in line with what they are across Louisiana as a whole.
For a single adult living in the area, average health care costs come out to $4,825 per year, compared to an average of $4,707 across Louisiana and $4,266 nationwide.
Child care Costs in Taft, Louisiana
For families with children, child care adds thousands of dollars to overall annual spending. In Taft, the average annual cost of child care for two children — one 4 year old and one 8 year old — is $9,929, about $800 more than the comparable average of $9,099 across all of Louisiana. Meanwhile, across the U.S. as a whole, childcare expenses for two children averages $15,853 per year.
Food Costs in Taft, Louisiana
In Taft, a single adult spends an average of $3,437 on food annually, and a family of four spends $9,927 on average. For context, average annual food expenditure across Louisiana and the U.S., respectively, are $3,119 and $3,240 for a single adult, and $9,006 and $9,354 for a family of four. These estimates are calculated for a nutritionally adequate diet of food purchased at a grocery store for at-home preparation.
Taxes in Taft, Louisiana
Few expenses vary as much from city to city and town to town as taxes. Accounting for state and federal income taxes, as well as Social Security contributions and Medicare payroll taxes, the average adult working in Taft, Louisiana pays $6,394 annually — a relatively high sum compared to the the statewide average of $5,772.
It is important to note that these calculations do not include other common taxes such as property, sales, and excise taxes. Accounting for these taxes, while excluding taxes levied at the federal level, Taft residents live in a state with a low average tax burden. Per capita state tax collections in Louisiana total $2,437 per year, compared to the $3,151 average across all states.
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