Housing costs in New Orleans?
A typical home costs
$305,600, which is 9.6% less expensive than the national average of
$338,100 and 65.4% more expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in New Orleans costs
$1,310 per month, which is 31.0% more than the national average of
$1,000 and 9.9% more than the state average of
$1,180.
Can I afford New Orleans?
To live comfortably in New Orleans (zip 70119), Louisiana, a minimum annual income of
$58,680 for a family, and
$44,400 for a single person is recommended.
What does A.I. say about New Orleans?
The cost of living in 70119 New Orleans, LA is quite reasonable. The median home cost is approximately $140,000, and rental prices are generally quite affordable. Gas prices tend to be slightly lower than the national average, and the groceries here are also reasonably priced. In addition, the overall crime rate in this area is relatively low, making it an attractive place to live for many people. While there are some higher-priced areas in the area, most of the neighborhoods are quite affordable and provide a good quality of life for their residents.