Housing costs in New Orleans?
A typical home costs
$364,200, which is 7.7% more expensive than the national average of
$338,100 and 97.1% more expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in New Orleans costs
$1,360 per month, which is 36.0% more than the national average of
$1,000 and 13.2% more than the state average of
$1,180.
Can I afford New Orleans?
To live comfortably in New Orleans (zip 70125), Louisiana, a minimum annual income of
$69,840 for a family, and
$46,000 for a single person is recommended.
What does A.I. say about New Orleans?
The cost of living in 70125 New Orleans, LA is quite affordable compared to other major U.S. cities. According to the latest data from BestPlaces, the overall cost of living index in 70125 is around 83.7, which is 5% lower than the US average. Housing prices are very reasonable with an average rent price of $1445 a month for a one-bedroom apartment in the city center and $1058 for a one-bedroom outside of the center. Other expenses such as groceries, transportation, and health care are also relatively inexpensive and can be found at discount prices throughout the city.