Cost of LivingUpdated 2026-11-11

New Orleans, Louisiana

Living in New Orleans, Louisiana is about 8% cheaper than the national average, with a cost of living index of 92 (US = 100). Typical rent is $1,577 a month, 18% below the national figure of $1,932, and regular gas costs $3.55 a gallon versus $3.98 nationally as of November 11, 2026. Rent, gas, groceries, electricity and car insurance take about 57% of the area's $55,339 median household income.

Key Numbers

Gas (Regular)

$3.55

National: $3.98

โ†‘ 195.8%since 2000
โœ“ AAA Gas Prices

Avg Rent (All)

$1,577

National: $1,932

โ†‘ 13.9%since 2021
โœ“ Zillow ZORI New Orleans, LA metro (2026-09)

Grocery Inflation

1.77%

Year-over-year

โœ“ BLS/FRED CPI

Fast Food Avg

$10.80

Combo meal

โ†‘ 3.5%YoY

Electricity

12.87ยข

per kWh ยท ~$116/mo

โ†“ 30.2%vs US avg
โœ“ EIA Residential

Car Insurance

$290/mo

$3,480/yr

โ†‘ 61.9%vs national avg
โœ“ Bankrate/NAIC

Median Household Income

$55,339

56.8% goes to essentials

โ†“ 56.8%cost burden
โœ“ Census ACS 2023
๐Ÿš—

Car Insurance

Avg $3,480 in New Orleans. Compare rates:

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Find Apartments

Avg rent $1,577/mo in New Orleans. Browse listings:

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Grocery Prices

Grocery Prices โ€” 2000 to Present

National BLS averages ยท submit local prices below โ†“

Eggs (dozen)

Bird flu volatility

$0.97 in 2000 โ†’ $2.32 BLS avg

+137.9%

Milk (gallon)

$2.79 in 2000 โ†’ $4.10 BLS avg

+47.3%

Ground Beef (lb)

$1.48 in 2000 โ†’ $6.75 BLS avg

+355.5%

Bread (loaf)

$0.91 in 2000 โ†’ $1.86 BLS avg

+105.2%

Chicken Breast (lb)

$1.06 in 2000 โ†’ $2.03 BLS avg

+91.3%

Butter (lb)

$3.98 BLS avg

-4.2% since 2018

Bacon (lb)

$2.75 in 2000 โ†’ $6.69 BLS avg

+143.1%

Cheddar Cheese (lb)

$3.84 in 2000 โ†’ $6.13 BLS avg

+59.6%

Pasta (lb)

$0.88 in 2000 โ†’ $1.38 BLS avg

+57.1%

Rice (5 lb)

$2.50 in 2000 โ†’ $5.50 BLS avg

+120.6%

Coffee (12 oz)

$2.65 in 2000 โ†’ $6.94 BLS avg

+161.3%

Orange Juice (64 oz)

Citrus shortage

$5.44 estimate

+46.2% since 2022

Potatoes (5 lb)

$1.96 in 2000 โ†’ $4.95 BLS avg

+152.6%

Apples (3 lb)

$5.01 estimate

+14.9% since 2022

Tomatoes (lb)

$1.44 in 2000 โ†’ $2.08 BLS avg

+44.4%

Lettuce (head)

$0.75 in 2000 โ†’ $1.96 BLS avg

+162.3%

Cooking Oil (48 oz)

$7.95 estimate

+46.1% since 2022

Yogurt (32 oz)

$4.75 estimate

+21.5% since 2022

Cereal (family size)

$6.25 estimate

+33.0% since 2022

Frozen Pizza

$8.16 estimate

+41.4% since 2022

Dining & Restaurants

Fast Food Meal

$10.80

Casual Dining

$19.87

Monthly Spend

$356.49

+3.52% YoY

Chain Restaurant Meal Prices โ€” 2022 vs. Today

Combo meal / typical order for one

McDonald's

2022: $6.70

$10.80

+61.2%

Wendy's

2022: $7.56

$11.66

+54.2%

Chipotle

2022: $8.10

$12.10

+49.4%

Starbucks

2022: $3.83

$5.32

+38.9%

Eating out more? Save on groceries with Ibotta and cook at home more often.

Looking for an Apartment in New Orleans?

Average 1BR: $1,293/mo ยท 2BR: $1,861/mo

Browse New Orleans Apartments โ†’

Local Workforce

2024 ยท BLS QCEW

Total Jobs

188k

Median Weekly Pay

$1,300

$68k/yr

Top Sector

Education & Health Services

Household vs Worker Pay

$55k

household median

Employment by Sector โ€” New Orleans

% of local workforce ยท avg weekly wage ยท 5-year growth trend

Education & Health Services
+4.4% 5yr$1,260/wk
22.6%

~$66k/yr

Leisure & Hospitality
-12.4% 5yr$704/wk
22.4%

~$37k/yr

Professional & Business Services
-9.2% 5yr$1,727/wk
14.3%

~$90k/yr

Trade, Transportation & Utilities
-11.2% 5yr$1,040/wk
12.2%

~$54k/yr

Financial Activities
-2.2% 5yr$2,088/wk
4.1%

~$109k/yr

Source: BLS QCEW 2024 Annual ยท County FIPS 22071

Highest Paying Sector

Financial Activities

$2,088/wk ยท $109k/yr

Most Workers (lowest wage)

Leisure & Hospitality

$704/wk ยท $37k/yr

New Orleans Cost of Living FAQ

Is New Orleans, LA expensive to live in?

New Orleans has a cost of living index of 92, where 100 is the US average, so it is about 8% cheaper than average. It is the most expensive of the 10 Louisiana cities we track.

What is the average rent in New Orleans, LA?

Typical rent in New Orleans is $1,577 a month for all home types as of September 2026, 18% below the national figure of $1,932. One bedroom units average about $1,293 and two bedrooms about $1,861. Source: Zillow Observed Rent Index for the metro area.

Is rent going up in New Orleans?

Rent in New Orleans rose 1.7% over the past year, slower than the 2.7% change nationally.

How much is gas in New Orleans?

Regular unleaded costs about $3.55 a gallon in New Orleans as of November 11, 2026, based on the AAA average for Louisiana. That is 11% below the national average of $3.98.

How much is electricity in New Orleans?

Homes in Louisiana pay an average of 12.9 cents per kWh (EIA), versus 18.4 cents nationally. At 900 kWh a month, a typical bill in New Orleans is about $116.

How much is car insurance in New Orleans?

Full coverage car insurance averages $3,480 a year in Louisiana, or about $290 a month (Bankrate and NAIC state average), compared with $2,150 a year nationally.

How much do you need to live in New Orleans?

Median household income in the New Orleans area is $55,339 (Census ACS 2023, county level). Rent, gas, groceries, electricity and car insurance add up to about $31,428 a year, or 57% of that income. Groceries are counted at $5,502 a year, the average household spend on food at home in the region (BLS Consumer Expenditure Survey).

How does New Orleans compare with the rest of Louisiana?

Rent in New Orleans is 25% above the $1,265 average across the 10 Louisiana cities we track, and its cost of living index of 92 compares with a state average of 90.

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