New Orleans

New Orleans, Louisiana is a mid-size city with a population of approximately 364,136. The overall cost of living index sits at 97, which is near the national average of 100. This means everyday expenses — housing, groceries, transportation, and healthcare — are roughly 3% less expensive compared to the typical U.S. city.

Housing is the largest cost driver in New Orleans. Median rent is $1,625 per month, while the median home price is $239,751. At a median household income of $55,339, rent consumes roughly 35% of gross income, which represents a moderate housing cost burden. The housing sub-index of 92 sits close to the national norm.

Beyond housing, healthcare is the most elevated non-shelter expense in New Orleans with a sub-index of 100, while utilities is comparatively more affordable at 89. State-level taxes also shape the true cost of living: Louisiana applies a 4.25% income tax rate, and property tax averages 0.51% of assessed home value. The combined sales tax rate is 9.55%. Local income tax may apply in some municipalities.

Over the past twelve months, the cost of living in New Orleans has remained relatively stable. Among the 4 tracked cities in Louisiana, New Orleans ranks #4 from most to least affordable. Whether you're evaluating a job offer, planning a relocation, or comparing salary purchasing power, these numbers give a grounded, data-backed view of what life in New Orleans actually costs.