New Orleans, LA is the #44 Most Expensive City in the U.S.
- Housing is 59% higher than the US average. The average home price in New Orleans, Louisiana, is $847,435, compared to the national median of $385,000. If you're buying a new house in New Orleans, you should budget 10-15% of the home price as your down payment. Remember, monthly mortgage payments in the city are also typically 40% to 50% higher than the national average.
- Renting in New Orleans is 50.9% higher than the national average of $1,530. A one-bedroom apartment in New Orleans costs around $1,900 per month, while a two-bedroom averages $2,500—often without dedicated parking included. Keep in mind flood-zone risks across most of the city; this can affect both insurance rates and the type of property available.
- Utilities are 23% lower than the national average. But that's before hurricane insurance, which costs between $2,400 and $4,800 per year, depending on your flood zone and home type. HOA fees range from $200 to $450 per month, which varies by building and neighborhood. New Orleans' humidity and historic architecture also mean ongoing maintenance costs.
- Food prices in New Orleans are 1% lower than the US median. A gallon of milk costs roughly $4.73, compared to $4.10 in Atlanta or $4.30 in Los Angeles. If you're a family of four, you can expect to spend $900 to $1,200 each month on groceries. As a single adult, you might spend around $320 to $450 per month, depending on your eating habits.
- Transportation costs in New Orleans are 0.66% higher than the US average. Gas cost in New Orleans is $2.95 per gallon, which matches the national average, but runs higher than Houston (at $3.25). Monthly car insurance premiums average $245 in New Orleans, which is 35% higher than the national average of $183. And when you factor in parking fees, streetcar fares, and hurricane evacuation costs, it can get more expensive than you think.
- Healthcare costs in New Orleans are 1.02% lower than the national average. A routine check-up in the city is $157.92, compared to $200 in Houston or $220 in Atlanta. This means New Orleans holds its own among big Southern cities when it comes to healthcare affordability. If you slip on a banana peel during Mardi Gras, an ER visit should cost around $2,800 without insurance.
- Miscellaneous expenses are 10% higher than the national average. This covers Mardi Gras costumes, jazz club cover charges, and occasional po'boy lunches in the French Quarter. A family day at the Audubon Aquarium costs up to $120, while date nights in the Garden District can exceed $90.
Moving to New Orleans? Get ready to spend a bit more to enjoy life in The Big Easy. The food, music, and culture are unbeatable — just make sure your paycheck can keep up with everything else!👉 Next Step: Compare single-family homes in New Orleans, Louisiana
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- Homeowners spend $114,768 per year: This includes mortgage payments, property taxes, homeowners and flood insurance, utilities, and other basic expenses. Neighborhoods like Uptown and the Garden District come with higher property costs and insurance premiums. Lakeview, Gentilly, and Algiers Point have slightly more affordable housing.
- Renters spend $63,624 per year: With average monthly rent around $2,063, plus utilities, groceries, internet, and transit, renters in popular neighborhoods like Mid-City, the Bywater, or the Warehouse District face steeper costs. Those looking for more budget-friendly rent can check out areas like New Orleans East, Gentilly, or parts of Algiers.
- Families with kids spend $117,096 per year: Now, factor in a larger home, childcare, school-related expenses, as well as more groceries and utilities. Family-oriented neighborhoods like Lakeview, Broadmoor, and Old Metairie provide more space, safety, and access to good quality schools, although they come with a higher price tag.
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