Rent-to-Own Homes in Lake Charles, LA: What You Need to Know
Lake Charles, otherwise known as “Louisiana’s Playground”, has it all. Enticing casino nightlife, jaw-dropping nature, family-friendly fun, cultural cuisine, and a growing job market.
The people of Lake Charles are educated, diverse, and youthful. The majority of residents are Black (48.3%), followed closely by White (42.9%), and then Latino (3.7%), other/mixed (2.7%), Asian (1.9%), and Native American (.5%). Single young adults comprise a significant amount of the population, perhaps drawn to the town’s vibrant energy.
Cost of Living in Lake Charles
There’s a price to pay for Lake Charles’ water views and desirable amenities. While the cost of living here is about equal to that of the nation, it’s expensive by state standards. The following is what you should expect to pay to live in Louisiana’s Playground:
Median Home Price: $348,338
Median Rent: $1,091 per month
Housing: equal to the national average
Healthcare: 4% below the national average
Groceries: 5% below the national average
Utilities: 10% below the national average
Transportation: 1% below the national average
State Income Tax: 2%-6%
State Sales Tax: 4.45%
Things to Do in Lake Charles
Lake Charles offers activities around the clock. To kick off the day, discover Louisiana’s animal kingdom along the Creole Nature Trail. Alligators, crabs, and over 400 bird species are just some of the wildlife you’ll find along the Gulf of Mexico’s marshes. Those who crave more action can hunt, fish, golf, or swim in the wetlands and beaches nearby.
As the sun sets on the shores of Lake Charles, the flashing lights of the casinos shine on. The city’s three major casino resorts, including the Vegas-famous Golden Nugget, don’t just offer gaming- you can shop, dine, lounge, and staycation on their grounds.
Lake Charles’ Job Opportunities
It’s an exciting time to invest in a rent-to-own home in Lake Charles. Over the past year, job growth increased by 3.3%. CITGO Petroleum Corp. employs a large number of locals, in addition to Era Helicopters, Sasol, Lake Charles Memorial Hospital, and Westlake Chemical. The median household income of $40,910 will allow you to reside comfortably per the area’s cost of living.
A culinary staple in Lake Charles is boudin. The sausage-like finger food is made with pork, liver, onions, rice, and seasoning and is acceptable to consume any hour of the day. Locals are so proud of their regional delight that they hold a yearly “Boudin Wars” event and boast a Boudin Trail for tourists to sample a taste of their tradition.
Sausages aside, the rich Cajun flavors of the region are also found in seafood, gumbo, and jambalaya. After enjoying a hearty meal, you can dance the night away to Cajun and Zydeco music in historic downtown.