Cost of Living in New Orleans

Louisiana · Population: 371,853 · Updated 2026

Below Average
Cost Index
92.6
100 = US avg
Median Income
$57K
Annual household
Median Rent
$1,251/mo
2-bedroom unit
Rent Burden
27%
Income to rent ratio
Cost Category Breakdown

Indexed to national average (100)

Housing73.6
Groceries100.0
Utilities100.0
Transportation100.0
Healthcare100.0
Economic Details
Median Home Value$316K
State Income Tax3%
Unemployment Rate4%
Est. Net Income$55K/yr
Affordability Score
104
out of 100
Below national average cost
Salary Converter for New Orleans

See what salary you'd need in another city to match your purchasing power in New Orleans.

$75,000

About New Orleans

New Orleans is a culturally unique city with rich culinary traditions, vibrant music scenes, and a growing tech sector. The cost of living is below the national average, though hurricane risk affects insurance costs.

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Frequently Asked Questions

Is New Orleans expensive?

New Orleans has a cost of living index of 92.6, where 100 represents the national average. This is close to the national average.

What salary do you need to live comfortably in New Orleans?

Based on a rent-to-income ratio of 30%, you'd need at least $50,040 to afford the median 2-bedroom apartment in New Orleans and maintain basic expenses.

What is the median rent in New Orleans?

The median 2-bedroom rent in New Orleans is $1,251 per month, according to HUD Fair Market Rent data.