Calculate using real New Orleans data. Median home price: $240,000. Property tax rate: 0.55%.
New Orleans, LA has a cost of living index of 95, where 100 represents the national average. This means living in New Orleans is 5% less expensive the national average.
The median household income in New Orleans, LA is $45,615. Combined with a cost of living index of 95, this provides a picture of purchasing power in the area.
The median home price in New Orleans, LA is $240,000 with a property tax rate of 0.55%. Monthly housing costs (mortgage + taxes + insurance) on a median-priced home would be approximately $1,474.