Housing costs in New Orleans?
A typical home costs
$257,300, which is 23.9% less expensive than the national average of
$338,100 and 39.2% more expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in New Orleans costs
$1,150 per month, which is 15.0% more than the national average of
$1,000 and 2.6% cheaper than the state average of
$1,180.
Can I afford New Orleans?
To live comfortably in New Orleans (zip 70122), Louisiana, a minimum annual income of
$49,320 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about New Orleans?
The cost of living in 70122 New Orleans, LA is generally quite affordable. The average cost of renting a two-bedroom apartment is around $1,100 per month, which is well below the national average. Groceries and utilities are also relatively inexpensive compared to other areas in the country. Additionally, there are plenty of entertainment options in the area that are surprisingly affordable. Restaurants, music festivals, and outdoor activities often have low costs or even free admission. Overall, 70122 New Orleans, LA provides an excellent quality of life at a very reasonable price.