Housing costs in New Orleans?
A typical home costs
$308,500, which is 8.8% less expensive than the national average of
$338,100 and 66.9% more expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in New Orleans costs
$1,190 per month, which is 19.0% 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 70163), Louisiana, a minimum annual income of
$59,040 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about New Orleans?
The cost of living in 70163 New Orleans, LA is relatively affordable when compared to other cities in the area. The median home value is around $155,000, and the median rent is around $1,250 per month. Grocery and dining costs are also quite reasonable with a meal for two at an inexpensive restaurant costing around $20. Transportation costs are generally low, with a one-way ticket running about $2.50 on public transit or just over $3 for a gallon of gas. Overall, 70163 New Orleans provides an affordable place to live without sacrificing amenities or access to entertainment options.