Housing costs in New Orleans?
A typical home costs
$256,000, which is 24.3% less expensive than the national average of
$338,100 and 38.5% more expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in New Orleans costs
$1,250 per month, which is 12.6% cheaper than the national average of
$1,430 and 20.0% more than the state average of
$1,000.
Can I afford New Orleans?
To live comfortably in New Orleans, Louisiana, a minimum annual income of
$48,960 for a family, and
$42,400 for a single person is recommended.
What does A.I. say about New Orleans?
New Orleans, Louisiana offers plenty of attractions along with an impressive cost-of-living that makes it worth considering. Homeowners can take advantage of various housing options ranging from single family homes to historic mansions - while renters also have access to some great deals these days. Additionally, groceries and transportation expenses are relatively low compared with other US cities - giving you more bang out of your buck if you choose New Orleans as your home.