Cost of Living,
New Orleans's Real Estate Market
New Orleans-Metairie-Kenner Metro Area
Profile: Large city complex
Location: Southeast Louisiana on the Mississippi Delta south of Lake Pontchartrain
Time zone: Central Standard Time
|Historic interest ||Flood risk|
|Arts and culture||Crime rate|
|Entertainment ||Hurricane dislocations|
Long a complex multi-cultural city crossing a wide range of socio-economic strata, the New Orleans has had its share of problems with crime, education, social infrastructure, and economic health. At the same time, the city exudes a unique cross-cultural charm making it a favorite tourist spot as well as a proud home to many enjoying its arts, unique entertainment profile, and its French-accented Southern grace.
For arts, culture, entertainment, music, food, history, and architecture, there is hardly a better place to live than New Orleans. It is probably the most right-brained city in the country. Things get done, but at a relaxed, leisurely pace, and an element of artistic expression and fun. The local phrase “laissez les bon temps rouler,” or “let the good times roll,” sums it up.
Old infrastructures and geographic limitations have left the city with narrow streets and underdeveloped transportation routes. The summer climate is generally uncomfortable, and heavy downpours occur with almost no notice. The crime rate continues to be notoriously high. Metairie is a more family-oriented commercial unincorporated area to the west of downtown, Kenner is a suburb farther west and is the location of the international airport.
The New Orleans metro area is virtually surrounded by water. Lake Pontchartrain, some 610 square miles in area, borders the city on the north and the Mississippi River flows along the southern edge. In other directions, there are bayous, lakes, and marshlands. Elevations vary from a few feet below sea level (protected by massive levees) to a few feet above. Floods are a persistent hazard. The climate is humid subtropical with an extra dose of humidity from nearby water and wetlands, but the water moderates temperatures. Summers are persistently warm and humid with almost daily showers and thundershowers. Winter is mild, with steady rains from December through March. Nearby water can produce dense fog. Late spring and late fall are the driest seasons.
Interesting Facts about New_Orleans, Louisiana
As of 2014, New Orleans's population is 341,407 people. Since 2000, it has had a population growth of -29.17 percent.--------------------
The median home cost in New Orleans is $170,700. Home appreciation the last year has been 2.50 percent.--------------------
Compared to the rest of the country, New Orleans's cost of living is 1.00% Lower than the U.S. average.--------------------
New Orleans public schools spend $18,512 per student. The average school expenditure in the U.S. is $12,435. There are about 18.4 students per teacher in New Orleans.--------------------
The unemployment rate in New Orleans is 5.10 percent(U.S. avg. is 6.30%). Recent job growth is Positive. New Orleans jobs have Increased by 2.03 percent.
Ranked #2 Best Block Party Places
Ranked #3 America's Most (and Least) Stressful Cities (100 Largest Metro Areas)
Ranked #3 Most Congested Cities
Ranked #4 Sleepless Cities 2011
Ranked #5 The Most Single Cities
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Average Commute time is 23 minutes. The National Average is 25 minutes.--------------------
New Orleans's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes