Cost of Living in New Orleans, LA
New Orleans has a cost of living index of 99 (100 = national average), making it close to the national average. The median household income is $45,615 and the median home price is $265,000.
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New Orleans at a Glance
Population
383,997
Cost of Living Index
99
Median Income
$45,615
Median Home Price
$265,000
Property Tax Rate
0.55%
Sales Tax Rate
9.95%
Rent Index
92
State
Louisiana
Living in New Orleans
New Orleans offers a cost of living below the national average, making it an attractive option for those looking to stretch their dollar further. The median home price of $265,000 is well within reach for many families.
The combined sales tax rate in New Orleans is 9.95%, and the effective property tax rate is 0.55%. Property taxes are relatively low compared to the national average.