Housing costs in New Orleans?
A typical home costs
$208,300, which is 38.4% less expensive than the national average of
$338,100 and 12.7% more expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in New Orleans costs
$1,070 per month, which is 7.0% more than the national average of
$1,000 and 10.3% cheaper than the state average of
$1,180.
Can I afford New Orleans?
To live comfortably in New Orleans (zip 70117), Louisiana, a minimum annual income of
$39,960 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about New Orleans?
The cost of living in 70117 New Orleans, LA is relatively affordable. The median household income is approximately $33,356 and the median home value is $211,900. In comparison to other major cities in the United States, these figures are quite low. Additionally, utilities tend to be less expensive than in other areas due to the mild climate. Overall, 70117 New Orleans offers a great balance of affordability and quality of life that makes it a desirable place to live.