The cost of living in New Orleans, LA is 20% higher than the state average and 12% higher than the national average. Homes in New Orleans, LA are 41% more expensive than the U.S. average. In the US, while utilities are approximately 24% less expensive.
New Orleans may like fun and entertainment a lot, but it doesn't have the same rate of growth and development as cities like Houston and San Antonio, which could help keep rents low. There's a reason why so many top ten lists rank New Orleans, Louisiana as a top place to live, work and play. You can still find cheap apartments in New Orleans and take advantage of their low cost of living to make it work for you. Now that you have a good idea of the type of salary you need to live in New Orleans, you should also consider the living wage or the minimum amount of money required to live above the poverty line.
A good rule of thumb is to use the 30% rule to rent an apartment, which gives you a reasonable estimate of the salary needed for the cost of living in New Orleans. Others use New Orleans storage units for their work, storing equipment, supplies, and excess stock there. Two people traveling together for a month in New Orleans can often have a lower daily budget per person than one person traveling alone for a week. New Orleans is growing at a rate of 0.58% per year, and newcomers are looking to live in a vibrant city with a rich history.
It's easy to understand why people choose to rent an apartment in New Orleans because of their lifestyle, fun, and backdrop. However, New Orleans could be a big win for ambitious college graduates or for those looking to venture into tourism or entertainment. If you want to enjoy famous New Orleans cuisine, including traditional jambalaya, you'll need to set your budget accordingly. Now that you have all the information you need about the cost of living in New Orleans, you can start looking for an apartment in the Big Easy.