Cost of Living in New Orleans, LA

Key Statistics

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Living in New Orleans, LA — 2026 Cost of Living Guide

New Orleans is moderately affordable compared to the national average, with an overall cost of living index of 95. This means living in New Orleans is approximately 5% less expensive than the national average.

Housing Costs in New Orleans

Housing costs are roughly in line with the national average. The housing index for New Orleans is 92, which means housing costs are 8% below the national average. This includes both rental prices and home purchase costs in the metropolitan area.

Income and Employment

The median household income in New Orleans is $43,258, with a population of approximately 383,997. The median household income is below the national average, which can make the cost of living feel more impactful for many residents.

The job market in New Orleans is more limited compared to larger metropolitan areas, though opportunities exist in local industries and government sectors.

Daily Living Expenses

Beyond housing, daily expenses in New Orleans are near the national average. Groceries and dining carry an index of 102, while transportation costs sit at 98. Healthcare expenses index at 95, and utilities come in at 92.

Taxes

Taxes in New Orleans are roughly average, with a tax index of 90.

Quality of Life

New Orleans enjoys generally pleasant weather, with seasonal variations that most residents find manageable.

Like many major cities, New Orleans faces some safety challenges, though many neighborhoods remain safe and vibrant communities.

Is New Orleans a Good Place to Live?

New Orleans offers strong value for those looking to stretch their dollar further without sacrificing too much in terms of amenities and opportunities. With a fair job market and good weather, New Orleans continues to attract new residents drawn by the favorable cost of living.

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