Cost of Living in New Orleans, LA
2024 data from the Bureau of Economic Analysis
Cost Index
92.6
7.4% below avg
Housing Index
86.0
Median Income
$62,748
Median Rent
$1,151/mo
Cost Breakdown
Overall92.6 (-7.4%)
Housing86.0 (-14.0%)
Goods93.7 (-6.3%)
Utilities71.2 (-28.8%)
Other Services95.7 (-4.3%)
National average = 100
Income & Housing
Median Household Income
$62,748/year
Median Home Value
$242,600
Median Monthly Rent
$1,151/mo
Per Capita Income
$36,735/year
Compare New Orleans, LA With
New Orleans, LA vs Fort Wayne, INNew Orleans, LA vs Knoxville, TNNew Orleans, LA vs Waco, TXNew Orleans, LA vs Kansas City, MONew Orleans, LA vs Wausau, WINew Orleans, LA vs Corpus Christi, TXNew Orleans, LA vs Muskegon, MINew Orleans, LA vs Utica, NYNew Orleans, LA vs Dayton, OHNew Orleans, LA vs Champaign, IL
Frequently Asked Questions
Is New Orleans, LA expensive to live in?
New Orleans, LA has a cost of living index of 92.6, which is 7.4% below the national average.
How much does housing cost in New Orleans, LA?
Housing costs in New Orleans, LA are indexed at 86.0 compared to the national average of 100. The median monthly rent is $1,151.
What is the average income in New Orleans, LA?
The median household income in New Orleans, LA is $62,748 per year.
What is the average home price in New Orleans, LA?
The median home value in New Orleans, LA is $242,600.