Chicago, IL vs New Orleans, LA
Cost of living comparison · 2023 Census ACS data
Quick Summary
On the headline indicators, Chicago and New Orleans are closely matched markets (homes within 6% of each other). Distinguishing the two usually requires looking past the cost averages — at the tax structure, commute patterns, and individual neighborhood differences.
Median Home Value
$315,200
$296,400 ✓
Zillow Home Value
$312,456
$239,751
Median Gross Rent
$1,380/mo
$1,211/mo ✓
Owner Occupied %
45.5%
50.5%
Price-to-Rent Ratio
19.0x
20.4x
Median Household Income
$75,134 ✓
$55,339
Per Capita Income
$48,148
$39,698
Unemployment Rate
7.9%
7.8% ✓
Poverty Rate
16.8%
22.6%
Avg Commute (min)
36.7 min
24.7 min
Drove Alone %
46.0%
63.2%
Public Transit %
19.3%
4.5%
Work From Home %
18.3%
13.7%
State Income Tax
5.0%
4.3%
Total Sales Tax
8.7% ✓
9.5%
Property Tax Rate
2.2%
0.6%
Bachelor's Degree %
24.9%
22.6%
Median Age
35.7
38.4
Avg High Temp
60.3°F
77.5°F
Annual Precipitation
34.4"
60.1"
Annual Snowfall
—
0.1"
Chicago, IL 2 wins
- ✓Total Sales Tax
- ✓Median Household Income
New Orleans, LA 3 wins
- ✓Median Home Value
- ✓Median Gross Rent
- ✓Unemployment Rate
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