New Orleans - Cost of Living

Apartment Prices

Ambitious programs to renovate properties throughout New Orleans have resulted in a recent increase in homes and apartments to buy and rent. There are plenty of choices when it comes to apartments for rent in New Orleans, in a range of sizes, styles and prices. The median price for all apartments is $515 per month, with average two-bedroom apartment rentals coming in at $700 per month. You'll find everything from historic homes divided into tiny apartments to modern luxury apartment rentals with every amenity you could ask for. 

New Orleans by the Numbers

Financial

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Median family income (per year) $46,205
Family purchasing power (annual, cost-of-living adjusted) $51,055
Sales tax 9.00%
State income tax rate (highest bracket/lowest bracket) 6.00%/2.00%
Job growth % (2000-2007) -41.79%

 

Education

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Colleges, universities and professional schools (within 30 miles) 13
Junior colleges and technical institutes (within 30 miles) 16
Test scores reading (% above/below state average) -35.6%
Test scores math (% above/below average) -45.2%
% students attending public/private schools  60.3/36.7

 

Quality of Life

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Air quality index(% of days AQI ranked as good) 84.5%
Personal crime incidents (per 1,000) 20
Median commute time (in minutes) 21.1
% population with commute 45 mins. or longer 13.2%
% population walk or bike to work 7.1%

 

Leisure/Culture

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Movie theaters (within 15 miles) 23
Restaurants (within 15 miles) 2,117
Bars (within 15 miles) 603
Libraries (within 15 miles) 54
Museums (accredited by AAM; within 30 miles) 5

 

Weather

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Annual rainfall (inches) 63.76
% clear days in the area 28
High temp in July ° F 91.4°
Low temp in Jan ° F 45.0°

 

 

Health

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Has health plan (% of residents) 77.9%
Body mass index (avg. for residents) 26
Diabetes rates (% of residents diagnosed) 12.1%
Hypertension rates (% of residents diagnosed) 33.1%

 

 

Meet the Neighbors

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Median age 36.2
Completed at least some college (% of residents) 61.2%
Married 33.1%
Divorced 11.3%
Racial diversity index (100 is national average) 542.2

Graduate Medical Education