Housing costs in New Orleans?
A typical home costs
$158,100, which is 53.2% less expensive than the national average of
$338,100 and 14.4% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in New Orleans costs
$1,150 per month, which is 15.0% more than the national average of
$1,000 and 2.6% cheaper than the state average of
$1,180.
Can I afford New Orleans?
To live comfortably in New Orleans (zip 70129), Louisiana, a minimum annual income of
$30,240 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about New Orleans?
The cost of living in 70129 New Orleans, LA is relatively affordable compared to many other areas of the United States. Housing costs are some of the most affordable in the country, with median home values around $160,000 and median rents ranging from around $900 to $1300 per month. Groceries and transportation also remain relatively low-cost when compared to other cities. Additionally, there are a variety of restaurants and entertainment options within the area that offer inexpensive meals and activities for those who live in the 70129 zip code area.