Cost of Living in New orleans, LA
Housing
The housing market plays a significant role in determining the cost of living in New orleans, LA.
- Housing Index: 112.0 / 100
- Median Home Price is: $305,000
- Average Rent (2 BR Apartment): $1500 per month
- Average Rent (2 BR House): $1600 per month
If you're considering relocating to New orleans, LA, the current housing market presents some interesting dynamics. With a housing index of 112.0, the area may be slightly above average in terms of affordability. The median home price is quite reasonable at 305000, making homeownership an attainable option. Additionally, the average rent for a 2BR apartment and house stands at 1500 and 1600 respectively, offering various choices depending on your rental preference. Evaluate these factors alongside local amenities and job opportunities to make an informed move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in New orleans, LA.
- Electricity Price: $11.42 USD (median by state)
- Natural Gas Price: $19.48 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in New orleans, LA could entail higher utility costs. Electricity costs sit at $11.42, while natural gas is priced at $19.48 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if New orleans is a financially viable option for your relocation.