Cost of Living in New Orleans, LA

Population 376,035 · Louisiana · Data vintage 2023

95
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The New Orleans cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $296,000, rents near $1,211 a month. A poverty rate near 23% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.

Cost Overview

Housing 97
Rent 92

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in New Orleans

The median home value in New Orleans is $296,400 — 3% below the national median of $305,000. Median rent runs $1,211/month, 8% lower than the national median of $1,314/month. The median household income of $55,339/year is 26% lower than the US median of $74,580. The local unemployment rate is 7.8%, above the national average of 4.8%. Louisiana's top state income tax rate is 4.3% and the combined sales tax is 9.5%. The climate averages highs of 77.5°F and lows of 64.2°F. Overall, New Orleans has a cost of living index of 95 versus the US average of 100, meaning it is 5% less expensive.

🏠 Housing

Median Home Value
$296,400
3% below avg
Zillow Home Value
$239,751
Zillow ZHVI
Median Rent
$1,211/mo
8% below avg
Zillow Rent
$1,624/mo
Zillow ZORI
Price-to-Rent Ratio
20.4x
Favors renting
Property Tax Rate
0.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$731
1 BR
$816
2 BR
$988
3 BR
$1,280
4 BR
$1,513
Owner-occupied 50.5%
Renter-occupied 49.5%

💰 Estimated Monthly Budget

Rent median rent
$1,211
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,825/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
24.7 min
9% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
13.7%

Commute Mode

Drove alone
63.2%
Carpooled
8.7%
Public transit
4.5%
Walked
5.7%
Bicycle
1.9%
Work from home
13.7%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 4.3%
Total Sales Tax 9.5%
State rate 4.5%
Avg local rate 5.1%
Property Tax 0.6%

💼 Income & Employment

Median Household Income
$55,339
26% below avg
Per Capita Income
$39,698
Unemployment Rate
7.8%
63% above avg
Poverty Rate
22.6%
Labor Force Participation
61.5%

🎓 Education

Bachelor's degree+ 22.6%
Graduate degree 19.4%

👥 Demographics

Median Age 38.4
Male median age 37.8
Female median age 38.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
77.5°F
Avg Low
64.2°F
Annual Precip
60.1"
Annual Snowfall
0.1"
40° 55° 70° 85° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 616571788589919187797063
Low °F 475157637176787976675650
Precip" 5.264.084.635.874.946.046.296.464.643.643.644.63
Snow" 0.00.00.00.00.00.00.00.00.00.00.00.1

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 41 — Good
67.9%
Good air days/yr
90
Max AQI recorded
312
PM2.5 days
0
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

71%
4-Year Graduation Rate
19:1
Student-teacher ratio
11
Public schools
4,612
Total enrollment

Frequently Asked Questions

What is the cost of living in New Orleans, LA?

New Orleans has a cost index of 95 (100 = national average). It is 5% below the national average.

What is average rent in New Orleans, LA?

The median gross rent in New Orleans is $1,211 per month based on 2023 Census data.

What is the average home price in New Orleans?

The median home value in New Orleans is $296,400 according to Zillow and Census data.

What is the median income in New Orleans?

The median household income in New Orleans is $55,339 per year (2023 ACS 5-year estimates).

What is the sales tax in New Orleans, LA?

The combined state and local sales tax rate in New Orleans is 9.5%. The Louisiana state income tax top rate is 4.3%.

Is New Orleans, LA affordable?

New Orleans is near the national average in terms of cost of living, with an index of 95 (100 = US average).

What is the weather like in New Orleans?

New Orleans has average high temperatures of 77.5°F and average lows of 64.2°F. Annual precipitation is 60.1". Average annual snowfall is 0.1". Data from NOAA 1991–2020 Climate Normals.