New Orleans is a cultural hub located in Louisiana. It’s known for its lively nightlife, unique architecture, and rich history. The city has been dubbed the “Big Easy” due to its laid-back atmosphere and colorful street life. The city is also home to many large companies such as Entergy Corporation, Ochsner Health System, and Harrah's Entertainment. With regards to cost of living, New Orleans is generally cheaper than the national average. Two bedroom rent in New Orleans is approximately $1,250 compared to $1,430 nationally while grocery cost index in New Orleans averages 99 versus 100 in the US. Overall New Orleans offers a unique blend of culture and affordability making it an ideal place for those looking for something a bit different.
New Orleans has an unemployment rate of 11.0%. The US average is 6.0%.
New Orleans has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for New Orleans
- The Sales Tax Rate for New Orleans is 9.5%. The US average is 7.3%.
- The Income Tax Rate for New Orleans is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Orleans
- The average income of a New Orleans resident is $27,255 a year. The US average is $28,555 a year.
- The Median household income of a New Orleans resident is $45,594 a year. The US average is $69,021 a year.