The rent for two bedroom apartments in 70116 New Orleans, LA is $1,270 which is lower than the US average of $1,430. This cost of living number is also reflected in the local Grocery Cost Index which is 102 compared to the US index of 100.
New Orleans offers a variety of shopping and dining options from local businesses like The Backspace Bar & Kitchen, Dat Dog Uptown and District Donuts Sliders Brew. The city has something for everyone from unique architecture to historical museums and art galleries. Plus, it’s close proximity to other major cities like Baton Rouge and Houston makes it an ideal destination for family getaways or business trips. With its low cost of living and rich culture, 70116 New Orleans is an attractive place to live or visit.
New Orleans (zip 70116) has an unemployment rate of 11.0%. The US average is 6.0%.
New Orleans (zip 70116) has seen the job market decrease by -7.3% 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 (zip 70116)
- The Sales Tax Rate for New Orleans (zip 70116) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for New Orleans (zip 70116) 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 (zip 70116)
- The average income of a New Orleans (zip 70116) resident is $44,987 a year. The US average is $37,638 a year.
- The Median household income of a New Orleans (zip 70116) resident is $41,077 a year. The US average is $69,021 a year.