Quality of Life in New Orleans, LA for an Income of $117,825

Living in New Orleans, Louisiana, on an income of $117,825 allows for a comfortable lifestyle, given the city's unique cultural landscape and relative affordability compared to many other major U.S. cities. This income level is above the median household income in New Orleans, thus providing a significant degree of financial flexibility. Below is an overview of how this income measures up against the cost of living, housing, and other quality of life factors.

Cost of Living

• Overall Expenses: New Orleans has a similar cost of living to the national average, with specific categories such as dining, healthcare, and transportation often being more affordable.
• Groceries and Dining Out: Food costs are slightly below the national average, given the city's rich culinary scene, making dining out a frequent and satisfying option.
• Utilities and Transportation: Expenses in these categories are generally moderate, with transportation costs potentially lower than in more sprawling metropolitan areas.

Housing Market

• Median Home Price: As of the latest data, the median home price in New Orleans is somewhat lower than in many comparable U.S. cities. This allows someone earning $117,825 the possibility of home ownership or comfortable rent accommodations.
• Housing Affordability: With this income, an individual can expect to dedicate a reasonable portion of their earnings to housing, remaining within standard financial guidelines that suggest not exceeding 30% of income on housing costs.

Quality of Life

• Cultural Richness: New Orleans offers a vibrant cultural life with festivals, music, and art, contributing significantly to overall quality of life.
• Recreational Activities: The city provides numerous parks and outdoor spaces, along with recreational activities along the Mississippi River.

Access to Healthcare

• Healthcare Facilities: There is access to quality healthcare facilities, including renowned medical centers and hospitals that serve both local and visiting populations.
• Healthcare Costs: Healthcare expenses are generally on par with the national average, providing accessible and reliable medical care.

Quality of K-12 Schools

• Public Schools: The quality of public education varies significantly across districts, with some schools showing marked improvements in performance and facilities.
• Private Education: There are several reputable private and charter schools available, offering strong academic programs for residents willing to invest in additional education expenses.

Assessment

For someone earning $117,825 annually