Housing costs in New Orleans?
A typical home costs
$223,500, which is 33.9% less expensive than the national average of
$338,100 and 20.9% more expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in New Orleans costs
$1,070 per month, which is 7.0% more than the national average of
$1,000 and 10.3% cheaper than the state average of
$1,180.
Can I afford New Orleans?
To live comfortably in New Orleans (zip 70131), Louisiana, a minimum annual income of
$42,840 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about New Orleans?
The cost of living in 70131 New Orleans, LA is quite reasonable, with groceries and other goods being very affordable. The median home value is about $181,500 which is significantly less than the national median of $210,700. Renting a one bedroom apartment costs around $1,000 per month and utilities can range anywhere from $150 to $200 depending on usage. Overall, the cost of living in New Orleans is attractive for those looking to live in an exciting city without breaking the bank.