Housing costs in New Orleans-Metairie?
A typical home costs
$246,500, which is 27.1% less expensive than the national average of
$338,100 and 33.4% more expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in New Orleans-Metairie costs
$1,180 per month, which is 17.5% cheaper than the national average of
$1,430 and 15.3% more than the state average of
$1,000.
Can I afford New Orleans-Metairie?
To live comfortably in New Orleans-Metairie Louisi Metro Area, Louisiana, a minimum annual income of
$47,160 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about New Orleans-Metairie?
The cost of living in the New Orleans-Metairie, LA Metro Area is below the U.S. average, with a score of 99.1 compared to 100 for the country as a whole. The median value of houses in this area is also lower than the nationwide average, coming in at $246,500 versus $338,100. This means that people living there can enjoy a lower cost of living and still find quality housing options. For those looking for an affordable place to live with plenty of culture and entertainment, New Orleans-Metairie could be a great choice.