Housing costs in New Orleans?
A typical home costs
$474,100, which is 40.2% more expensive than the national average of
$338,100 and 156.5% more expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in New Orleans costs
$1,770 per month, which is 77.0% more than the national average of
$1,000 and 33.3% more than the state average of
$1,180.
Can I afford New Orleans?
To live comfortably in New Orleans (zip 70130), Louisiana, a minimum annual income of
$90,720 for a family, and
$60,000 for a single person is recommended.
What does A.I. say about New Orleans?
The cost of living in 70130 New Orleans, LA is moderately expensive compared to the national average. Housing costs are slightly higher than the national average, with median home values around $211,500 and median rent prices hovering around $1,150. However, groceries and utilities tend to be a bit lower than the national average. Overall, residents can expect to spend around 20% more on living expenses compared to other parts of the country.