Housing costs in New Orleans?
A typical home costs
$183,700, which is 45.7% less expensive than the national average of
$338,100 and 0.6% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in New Orleans costs
$1,110 per month, which is 11.0% more than the national average of
$1,000 and 6.3% cheaper than the state average of
$1,180.
Can I afford New Orleans?
To live comfortably in New Orleans (zip 70127), Louisiana, a minimum annual income of
$35,280 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about New Orleans?
The cost of living in 70127 New Orleans, LA is fairly reasonable compared to other large cities. Groceries, utilities and transportation costs are all relatively low. On average, food costs are 14% lower than the national average and utilities are approximately 24% lower. Transportation costs can be high due to the increasing traffic congestion in the city and most residents rely on their own vehicles for getting around. Housing costs can vary depending on your desired location, but rent prices are generally affordable when compared to other large cities in the US.