Quick Answer
Moving to New Orleans, Louisiana? With a cost of living index of 97 and a median home price of $290,000, New Orleans offers below-average living costs. Top employers include Ochsner Health, Tulane University, Entergy.
Key Takeaways
- 1Cost of living index: 97 (US avg: 100)
- 2Median home price: $290,000
- 3Average 1BR rent: $1,200
- 4Top neighborhoods: Garden District, Marigny, Mid-City
Key Statistics
New Orleans, LA — Key metrics for newcomers
Moving to New Orleans, Louisiana
Everything you need to know about relocating to New Orleans. From cost of living and neighborhoods to top employers and practical tips for a smooth move.
Top Employers in New Orleans
New Orleans's economy is anchored by major employers across diverse industries. Whether you are relocating for a specific job or exploring opportunities, these companies and institutions drive the local job market.
Best Neighborhoods for Newcomers in New Orleans
Garden District
Popular with newcomers for its community feel, local amenities, and convenient access to New Orleans's attractions.
Marigny
Popular with newcomers for its community feel, local amenities, and convenient access to New Orleans's attractions.
Mid-City
Popular with newcomers for its community feel, local amenities, and convenient access to New Orleans's attractions.
Housing Market Overview in New Orleans
Market Snapshot
The median home price in New Orleans is $290,000. Whether you are planning to rent first at around $1,200/month for a 1-bedroom or dive straight into buying, the New Orleans market offers options across different neighborhoods and price points.
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Cost of Living Breakdown in New Orleans
New Orleans's cost of living is right around the national average, making it an accessible choice for most budgets. Housing, groceries, and utilities are all reasonably priced compared to major coastal cities. This affordability is a major draw for relocating families and remote workers.
Key Monthly Costs
Tips for Newcomers Moving to New Orleans
Visit Before You Commit
Spend at least a long weekend in New Orleans before signing a lease or buying. Explore different neighborhoods at different times of day. Check your potential commute during rush hour and visit local grocery stores to get a feel for daily life.
Rent Before You Buy
Consider renting for 6-12 months when you first arrive in New Orleans. This gives you time to learn the neighborhoods, understand the local market (median price: $290,000), and make a more informed home purchase decision.
Research the Job Market
New Orleans's top employers include Ochsner Health, Tulane University, Entergy. Secure a job offer or have a remote work arrangement confirmed before relocating. Networking through LinkedIn and local professional groups can help you connect before you move.
Understand the Climate
Humid subtropical with hot humid summers, mild winters, and heavy rainfall. Hurricane risk June-November. Make sure you are comfortable with the local weather patterns before committing. What looks great on a vacation visit may feel different after a full year of living there.
Budget for the Transition
Moving costs, security deposits, utility setups, and the gap between paychecks add up. With a cost of living index of 97, plan to have 3-6 months of expenses saved. The average 1BR rent of $1,200 is a good baseline for budgeting.
Connect with the Community Early
Join local Facebook groups, Nextdoor, or Reddit communities for New Orleans before you move. These are invaluable for finding recommendations, learning about neighborhoods like Garden District, and making connections in your new city.
Frequently Asked Questions About Moving to New Orleans
Is New Orleans a good place to live?
Yes, New Orleans, Louisiana is a great place to live for many people. The city offers Ochsner Health, Tulane University, Entergy among its top employers, providing strong job opportunities. With a cost of living index of 97 (US average is 100) and neighborhoods like Garden District and Marigny, there are options for different budgets and lifestyles. The climate features humid subtropical with hot humid summers, mild winters, and heavy rainfall, which appeals to many newcomers.
What is the cost of living in New Orleans?
The cost of living in New Orleans has an index of 97, which is 3% below the US average of 100. Average rent for a 1-bedroom apartment is $1,200 per month, and the median home price is $290,000. Housing is typically the largest expense factor. Use our mortgage calculator and closing cost calculator to estimate your monthly payments if you are considering buying.
What are the best neighborhoods in New Orleans?
The best neighborhoods in New Orleans for newcomers include Garden District, Marigny, Mid-City. These areas are popular with new residents for their walkability, amenities, and community feel. The right neighborhood depends on your priorities — commute, schools, walkability, and budget.
How much does a house cost in New Orleans?
The median home price in New Orleans, Louisiana is $290,000. Prices vary significantly by neighborhood — for example, Garden District and Mid-City may have different price points. If you are renting first, expect to pay around $1,200 per month for a 1-bedroom apartment. When you are ready to buy, virtual staging can help you sell your current home faster and for a higher price.
More New Orleans Resources
Selling Your Current Home? Stage It First
Sell your home faster before relocating to New Orleans — AI virtual staging from $0.10/image
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