Housing costs in New Orleans?
A typical home costs
$160,400, which is 52.6% less expensive than the national average of
$338,100 and 13.2% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in New Orleans costs
$1,040 per month, which is 4.0% more than the national average of
$1,000 and 13.5% cheaper than the state average of
$1,180.
Can I afford New Orleans?
To live comfortably in New Orleans (zip 70126), Louisiana, a minimum annual income of
$30,600 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about New Orleans?
New Orleans, LA 70126 is an affordable place to live with housing costs that are below the national average. According to Sperling's Best Places, the median home value in this zip code is just over $193,000 which is a fraction of the US median of $213,400. Renters can find great deals as well with the median rent clocking in at $1,079 compared to a national median of $1,470. Overall, 70126 New Orleans is an excellent place to live and offers great value for money when it comes to cost of living.