The city of New Orleans, LA 70126 is a vibrant community filled with a rich culture that makes it an attractive place to live. With a population of nearly 400,000 people, the city is full of top-tier businesses like Entergy Corporation, Ochsner Health System, and The Shaw Group. The cost of living in New Orleans is lower than the US average and grocery prices are also below the national index at 95 compared to 100. Renters can find very affordable prices in New Orleans with 2 bedroom apartments averaging $1,040 per month which is significantly less than the national $1,430 average for a two-bedroom unit.
New Orleans (zip 70126) has an unemployment rate of 11.0%. The US average is 6.0%.
New Orleans (zip 70126) 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 (zip 70126)
- The Sales Tax Rate for New Orleans (zip 70126) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for New Orleans (zip 70126) 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 70126)
- The average income of a New Orleans (zip 70126) resident is $15,092 a year. The US average is $28,555 a year.
- The Median household income of a New Orleans (zip 70126) resident is $31,235 a year. The US average is $69,021 a year.