Housing costs in New Orleans?
A typical home costs
$305,100, which is 9.8% less expensive than the national average of
$338,100 and 65.1% more expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in New Orleans costs
$1,240 per month, which is 24.0% more than the national average of
$1,000 and 4.8% more than the state average of
$1,180.
Can I afford New Orleans?
To live comfortably in New Orleans (zip 70139), Louisiana, a minimum annual income of
$58,320 for a family, and
$42,000 for a single person is recommended.
What does A.I. say about New Orleans?
70139 New Orleans, LA has an overall cost of living that is slightly higher than the national average. The average home in this area costs around $200,000, with rent for a one-bedroom apartment running around $1,300 per month. Other expenses such as groceries and transportation are also slightly higher than national averages. However, local taxes tend to be lower than those found in other parts of the country. Overall, 70139 New Orleans is an affordable place to live with plenty to do and see.