RateHerald

No link on RateHerald pays us today. When some do, they'll say so, and they'll never change a ranking. How we make money

New Orleans, LA Rent Affordability Calculator

The median rent in the New Orleans, LA area is $1,217 a month including utilities, which takes 23% of the median household income ($62,655). Paying it on 30% of income needs about $48,680 a year.

On $63,000 a year, 30% of income is $1,575 a month for rent. A $1,220 rent takes 23.2% of gross income; many landlords want income of 40 times the rent, $48,800.

Rent you can afford
$1,575 a month
That rent takes
23.2% of income
Income a landlord may ask for (40× rent)
$48,800

Rent you can afford in New Orleans, LA by income (30% rule)

IncomeAffordable rentAgainst the median rent
$40,000$1,000−17.8%
$60,000$1,50023.3%
$80,000$2,00064.3%
$100,000$2,500105.4%
$150,000$3,750208.1%

How this calculator works

Median gross rent and median household income for the New Orleans-Metairie, LA metropolitan area, from the Census Bureau's American Community Survey 2020–2024 5-year estimates. Affordable rent is 30% of gross monthly income.

What it assumes

  • Medians across all rentals, of every size and age; new listings usually ask more.

Questions people ask

What is the average rent in New Orleans, LA?

The median gross rent is $1,217 a month, including utilities (Census American Community Survey 2020–2024 5-year estimates).

What salary do I need to live in New Orleans, LA?

To rent at the median on 30% of income, about $48,680 a year; many landlords ask for 40 times the rent, $48,680.

Is rent affordable in New Orleans, LA?

The median rent takes 23% of the median household income there, within the 30% guideline.

How does the cost of living in New Orleans, LA compare?

Overall prices are 7.4% below the US average, and housing 14.0% below (BEA, 2024).

Nearby and large metro areas

Related calculators

  • Rent Affordability CalculatorThe rent your income supports under the 30% guideline, what a given rent takes of your pay, and the income landlords often ask for, with median rents in large metro areas.
  • New Orleans, LA Cost of Living CalculatorPrices in the New Orleans, LA area are 7.4% below the US average, and housing 14.0% below (BEA, 2024). Compare a salary here with anywhere else.
  • Rent vs Buy CalculatorWhether buying or renting leaves you better off after the years you plan to stay, counting mortgage interest, tax, upkeep, selling costs and what a renter earns investing the down payment.

Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.