70129 New Orleans, LA is an ideal place to live with its affordable housing and low cost of living. The average rent for a 2 bedroom in 70129 is only $1,150 compared to the US average of $1,430. Additionally, the grocery cost index in 70129 is 94 versus 100 in the US. This makes it an attractive and budget friendly option for many families. Local businesses in this area include Rite Aid, Walgreens, Burger King, Starbucks, Ross and McDonalds. All these businesses are close together which allows for convenience when accessing goods and services.
New Orleans (zip 70129) has an unemployment rate of 11.0%. The US average is 6.0%.
New Orleans (zip 70129) 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 70129)
- The Sales Tax Rate for New Orleans (zip 70129) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for New Orleans (zip 70129) 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 70129)
- The average income of a New Orleans (zip 70129) resident is $20,320 a year. The US average is $37,638 a year.
- The Median household income of a New Orleans (zip 70129) resident is $39,354 a year. The US average is $69,021 a year.