In 70127 New Orleans, LA, the median rent for a two bedroom apartment is $1,110 per month, which is lower than the national average of $1,430. This makes it one of the more affordable neighborhoods in the area. The Grocery Cost Index in this area is 95 versus 100 in the US. Therefore groceries are relatively cheaper here than other parts of the country. Popular local companies found within this zip code include Tulane University Medical Center and Ochsner Health System to name a few. Other popular businesses in this area include restaurants such as Jacques-Imo's Cafe and Bootsie's Restaurant, as well as attractions like Audubon Zoo and Lafitte Greenway.
New Orleans (zip 70127) has an unemployment rate of 11.0%. The US average is 6.0%.
New Orleans (zip 70127) 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 70127)
- The Sales Tax Rate for New Orleans (zip 70127) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for New Orleans (zip 70127) 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 70127)
- The average income of a New Orleans (zip 70127) resident is $19,794 a year. The US average is $37,638 a year.
- The Median household income of a New Orleans (zip 70127) resident is $28,283 a year. The US average is $69,021 a year.