Cost of Living Bossier has a low cost of living along with an advantageous tax structure which is appealing to businesses and individuals alike. We enjoy one of the most cost efficient areas of the country which makes Bossier a great choice for a businesses looking to relocate or expand and for individuals seeking a new home. Bossier is the best choice for retirees, families and young professionals in search of a great new lifestyle that boasts big city amenities combined with small town charm. Economic indicators show a relatively steady economy in North Louisiana. The 2016 Annual Cost of Living Index for the Bossier MSA offers a positive picture and is currently at 88.9% below the national average. Northwest Louisiana beats out Lafayette, New Orleans, and Little Rock for cost of living. With a rapidly growing population and a median household income higher than the Louisiana state average, the people of Bossier Parish enjoy a quality of life second to none. TAXES Louisiana’s tax structure makes it the place to be for individuals and businesses. Much of the public funding is generated through sales tax, as is common in states with a robust tourism economy. This is a major advantage, and permits some of the lowest rates of corporate and individual income tax to be found in the country. Another tax advantage of being a resident is our advanced property tax configuration. The Homestead Exemption offers a $75,000 credit on primary residences, which makes it so much easier for singles and young families to purchase a home. HOMESTEAD TAX EXEMPTION Louisiana state law allows an individual one homestead exemption up to $75,000. After qualifying, the property owner is not required to reapply annually unless there have been changes in the property title. The homestead exemption does not exempt municipal taxes. In order to qualify for the homestead exemption, Louisiana state law requires that the homeowner own and occupy the residence prior to December 31st of the applicable tax year. For more information visit the Bossier Parish Tax Assessor’s website.