Housing costs in New Orleans?
A typical home costs
$163,100, which is 51.8% less expensive than the national average of
$338,100 and 11.7% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in New Orleans costs
$1,100 per month, which is 10.0% more than the national average of
$1,000 and 7.3% cheaper than the state average of
$1,180.
Can I afford New Orleans?
To live comfortably in New Orleans (zip 70114), Louisiana, a minimum annual income of
$31,320 for a family, and
$37,200 for a single person is recommended.
What does A.I. say about New Orleans?
The cost of living in 70114 New Orleans, LA is relatively affordable compared to other cities. The median home price is just over $150,000 and the median monthly rent is around $1,000. Utilities, food, and other expenses are also very reasonable. Overall, 70114 New Orleans, LA is an affordable place to live with a wide variety of amenities available. Residents can find plenty of shopping options and restaurants to satisfy their needs without breaking the bank. Additionally, many cultural activities are available such as local festivals and live music venues.