Housing costs in New Orleans?
A typical home costs
$515,800, which is 52.6% more expensive than the national average of
$338,100 and 179.1% more expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in New Orleans costs
$1,620 per month, which is 62.0% more than the national average of
$1,000 and 27.2% more than the state average of
$1,180.
Can I afford New Orleans?
To live comfortably in New Orleans (zip 70124), Louisiana, a minimum annual income of
$99,000 for a family, and
$54,800 for a single person is recommended.
What does A.I. say about New Orleans?
The cost of living in 70124 New Orleans, LA is relatively low compared to other cities in the United States. According to BestPlaces, the overall cost of living index is 67.67 (United States Average: 100), meaning that living here is 33% cheaper than the national average. Rent prices are especially good for this area, with one bedroom apartments starting at around $860 per month and three bedroom apartments around $1,400 per month. Other everyday costs such as groceries and transportation are also very affordable, making this an ideal place for those looking to save money while still enjoying all that New Orleans has to offer.