Cost of Living in New Orleans

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If you have decided to move to New Orleans, you might be wondering a few questions. This wellness city offers more than just Mardi Gras. Here you’ll find a rich culture, plenty of things to do, and easy access to dining, entertainment, and public transportation. Since Hurricane Katrina, the area has made a comeback and is attracting new residents from across the United States. If you’re thinking of moving to the Big Easy, here’s a guide to help you better understand the cost of living in New Orleans.

Living in New Orleans

This bustling city offers a culture of its own, with Creole cuisine, jazz music, and an experience that turns seasonal visitors into full-time residents. Homes and apartments in New Orleans are quite charming, and with several great neighborhoods, you can see which one is right for you. If you want to go out for dinner as a couple or as a family, you can choose from nearly 1,400 restaurants. The cuisine here is known around the world. Often this excellent cuisine goes hand in hand with live music.

The city also hosts the biggest Mardi Gras party in the United States and contrary to what one might think, the city is full of green spaces. Fortunately for its residents, the average cost of living in New Orleans is about 14% lower than the national average.

How much does an apartment cost in New Orleans?

There are 13 living quarters in the city, with 72 neighborhoods there. From older historic neighborhoods such as the French Quarter to newer areas like the Metairie, there are several areas where you might consider finding an apartment. You can expect to pay around 1% more for the cost of your housing in New Orleans, despite the national average cost of living being 14% lower. The median cost of renting an apartment in the city is around $ 900 to $ 1,100. This price will fluctuate depending on the rooms, whether utilities are included or not, and the neighborhood.

How do you find cheap apartments in New Orleans?

The best way to find a cheap apartment in New Orleans is to do your research. First, you will need to make a wish list, including things like whether or not you want an outdoor space, the desired area and proximity to the city center, as well as the number of bedrooms and bathrooms. that you wish. If you want to bring your beloved pet with you, you will also need to consider the deposit and the associated monthly costs for it as per your new rental agreement.

What’s the cheapest rent in New Orleans?

The ranges of apartment rentals in New Orleans differ greatly depending on the area of ​​town you are looking to call home. Apartment prices can start around $ 650 and go up to $ 1,100 for a highly desirable part of town. The best way to get the cheapest rent in New Orleans is to do your research. Compare prices and areas, consider your proximity to your workplace, and calculate the cost of transportation as well as utilities and food. A cheaper apartment may not include utilities, but a more expensive apartment may include them. If you take this into account, you might be better off picking the more expensive place.

Average costs of utilities

In addition to the rent for your apartment or paying for your accommodation, you will also need to consider what your monthly utilities will cost you. Internet services averaging around 8 Mbps will cost you around $ 50 per month. Utilities such as heat, gas, and electricity will cost you around $ 193 per month on average. These numbers will vary depending on the time of year, the size of the space, and the number of people living in the house.

Expenses of daily living

Moving means you need to factor in all of your living expenses, including daily living expenses and any extras you may want to take advantage of. A 2-pound bag of apples will set you back around $ 3.49, bread costs around $ 2.37, and a dozen eggs can cost around $ 2.82. A pack of cigarettes costs around $ 7, while a coffee or beer at a local bar or restaurant can cost you around $ 5.

A basic dinner will set you back around $ 50, while a three-course meal can cost on average around $ 65 for two people. Gym memberships will set you back around $ 75 per month. The cost of public transportation is higher than the national average, but well worth the convenience and availability when you need it.

New Orleans Cost of Living Comparison

When looking at a comparison of the cost of living in New Orleans with other US cities, the cost of living is overall cheaper by around 14%. Other large cities such as Chicago have a higher cost of living, about 15% higher than the national average, and San Francisco is even higher at 86% above the national average. Overall, living in New Orleans is a financially wise choice. You can experience the best of city life without paying extra.

Things to consider before your move

Before you take the big step to New Orleans, here are a few things to consider as well as some fun facts about the city itself:

  • The job market is on the rise. Things have seen their ups and downs since Hurricane Katrina, but the job market is growing steadily and providing more jobs in the region than ever before.
  • Mardi Gras is not just a day to celebrate. If you’ve ever heard of New Orleans, you’ve probably heard of Mardi Gras. Living here during the event will give it a whole new meaning.
  • Auto insurance rates in Louisiana are quite high.
  • Personal property taxes are lower than the national average, so your landlord won’t need to charge exorbitant rent.
  • Walking and cycling are common here and can help lower your transportation costs.

Whether you are moving to New Orleans in search of your dream job or for a change of scenery, you are sure to find it in the Big Easy. Browse thousands of New Orleans apartments for rent on Zumper and get ready to move.

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