Housing costs in New Orleans?
A typical home costs
$185,600, which is 45.1% less expensive than the national average of
$338,100 and 0.4% more expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in New Orleans costs
$1,180 per month, which is 18.0% more than the national average of
$1,000 and close to the state average of
$1,180.
Can I afford New Orleans?
To live comfortably in New Orleans (zip 70128), Louisiana, a minimum annual income of
$35,640 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about New Orleans?
The cost of living in 70128 New Orleans, LA is relatively affordable for most people. The average monthly rent for a one bedroom apartment is between $600 and $950, depending on the area. Groceries are also quite affordable, with basic groceries costing around 10% less than the US average. Utilities are a bit more expensive than some cities, but nowhere near the highest in the country. Gas prices are usually lower than other states as well. All in all, 70128 New Orleans is an affordable city to live in for most people.