Housing costs in New Orleans?
A typical home costs
$296,500, which is 12.3% less expensive than the national average of
$338,100 and 60.4% more expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in New Orleans costs
$1,010 per month, which is 1.0% more than the national average of
$1,000 and 16.8% cheaper than the state average of
$1,180.
Can I afford New Orleans?
To live comfortably in New Orleans (zip 70113), Louisiana, a minimum annual income of
$56,880 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about New Orleans?
The cost of living in 70113 New Orleans, LA is relatively inexpensive compared to the national average. Housing costs are below the national median and utilities such as electricity and water tend to be quite affordable. In addition, groceries and health care are priced lower than most places in the US, making it an economical choice for those looking to live in a vibrant city with a unique cultural heritage. With its growing economy and diverse opportunities, many people have chosen 70113 New Orleans, LA as their preferred place of residence.