Relocation Guide

Moving to New Orleans?

The birthplace of jazz, Mardi Gras, and some of the best food on Earth. Here's everything you need to know about living in NOLA — from neighborhoods and housing costs to schools and how to buy a home.

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New Orleans Quick Stats

The numbers that matter most when you're evaluating a move to New Orleans.

364,136
Population (City)
$306,000
Median Home Price
12% Above
Cost of Living vs National Avg
0.55%
Property Tax Rate
80M+
Annual Tourists
$1,350/mo
Average Rent (1BR)

Why People Move to New Orleans

Culture, food, and a way of life you won't find anywhere else in America.

🎶
World-Class Culture
Birthplace of jazz, home to Mardi Gras, French Quarter, and over 130 annual festivals. The cultural calendar never stops.
🍴
Legendary Food Scene
From po'boys and gumbo to James Beard Award-winning restaurants, New Orleans is one of America's premier food cities.
🏠
Diverse Housing Stock
Historic shotgun homes, Creole cottages, Garden District mansions, and modern condos. Median price of $306K is still below the national average for major cities.
💼
Growing Job Market
Healthcare, tourism, energy, tech, and the film industry all contribute to a diverse economy. Ochsner Health alone employs over 32,000 people regionally.
☀️
Subtropical Climate
Mild winters, year-round outdoor living, and proximity to the Gulf Coast. Average annual temperature of 69°F with 216 sunny days.
💰
No State Tax on Most Retirement
Louisiana's flat 3% income tax exempts most retirement income. Combined with low property taxes, it's attractive for retirees relocating from high-tax states.

New Orleans Cost of Living Breakdown

How New Orleans compares to the Louisiana average and the national average across major spending categories.

CategoryNew OrleansLouisiana AvgNational Avg
Housing (Median)$306,000$253,100$368,581
Rent (1BR)$1,350/mo$906/mo$1,200/mo
Groceries99 index96 index100 index
Utilities72 index82 index100 index
Property Tax0.55%0.53%1.1%
Transportation96 index97 index100 index

Notable Neighborhoods in New Orleans

New Orleans is a city of neighborhoods, each with its own personality. Here are some of the most popular for newcomers.

Uptown

Tree-lined St. Charles Avenue, the iconic streetcar, Audubon Park, and some of the city's best schools including Isidore Newman and Academy of the Sacred Heart. Historic homes range from $400K to well over $1M.

Garden District

Grand antebellum mansions, Magazine Street shopping, and a walkable, historic atmosphere. One of the most desirable (and expensive) addresses in the city.

Mid-City

Diverse, central, and home to Bayou St. John. Great restaurants, easy access to City Park, and a mix of historic shotguns and renovated homes. More affordable than Uptown.

Lakeview

Rebuilt after Katrina with modern construction. Suburban feel within city limits, near Lake Pontchartrain. Family-friendly with newer homes in the $300K–$500K range.

Bywater & Marigny

Artsy, walkable, and close to the French Quarter. Colorful shotgun homes, live music venues, and a strong creative community. Growing rapidly in popularity.

Metairie (Jefferson Parish)

Suburban living just minutes from downtown. Top-rated schools, lower insurance costs, and median home prices around $275K. Popular with families.

Schools & Education

New Orleans has a unique charter school system — one of the largest in the country — giving parents significant school choice.

Charter School System

New Orleans operates almost entirely on a charter school model through NOLA Public Schools. Parents can apply to schools across the city through the OneApp enrollment system, meaning you're not locked into a neighborhood school.

Top-Rated Schools

  • Benjamin Franklin High School — consistently ranked as one of the top public high schools in Louisiana
  • Lusher Charter School — highly rated K–12 school in Uptown
  • Isidore Newman School — prestigious private school on St. Charles Avenue
  • Academy of the Sacred Heart — highly regarded private school in Uptown

Nearby Suburban Districts

  • St. Charles Parish Schools — rated A by Niche, highest-rated district in the metro area
  • St. Tammany Parish — large district with strong schools on the Northshore
  • Jefferson Parish — Metairie and Kenner offer solid school options

Jobs & Economy

New Orleans has a diversified economy anchored by healthcare, tourism, energy, and a growing tech sector.

Top Employers

  • Ochsner Health System — 32,000+ regional employees, the largest private employer in the state
  • LCMC Health — operates University Medical Center, Children's Hospital, and other facilities
  • Tulane University — major research university and employer
  • Entergy — Fortune 500 energy company headquartered in NOLA
  • Port of New Orleans — handles 100M+ tons of cargo annually
  • City of New Orleans — one of the largest public-sector employers

Key Industries

  • Healthcare — the region's largest employment sector
  • Tourism & Hospitality — 80M+ visitors annually fuel the service economy
  • Energy & Petrochemicals — oil and gas industry has deep roots
  • Film & Digital Media — Louisiana's tax incentives have made NOLA a top filming destination
  • Higher Education — Tulane, Loyola, UNO, Xavier, Dillard, and SUNO

Buying a Home in New Orleans

What you need to know before buying — from flood zones and insurance to the best loan programs for New Orleans buyers.

Insurance & Flood Zones

Property insurance in New Orleans is higher than the national average due to hurricane and flood risk. Most properties require flood insurance, and costs vary significantly by zone. Factor this into your monthly housing budget — it can add $100–$400/month or more depending on the property.

Loan Programs Available

New Orleans buyers have access to every major loan program. FHA loans are popular for first-time buyers, and many suburban areas qualify for USDA zero-down financing.

First-Time Buyer
Programs & assistance

Pros & Cons of Moving to New Orleans

Every city has tradeoffs. Here's an honest look at what you're getting — and what you're signing up for.

✅ Pros

  • 🎶 Unmatched culture, music, and food scene
  • 🏠 Housing still below national average for a major city
  • 💰 Low property taxes (0.55%)
  • 💼 Diverse economy with growing healthcare and tech sectors
  • ☀️ Mild winters and year-round outdoor living
  • 🎓 Strong charter school system with city-wide school choice

❌ Cons

  • 🌪️ Hurricane risk and below-sea-level geography
  • 💸 High property insurance and flood insurance costs
  • 💧 Intense summer humidity (79% avg)
  • 🚧 Aging infrastructure — roads and drainage need improvement
  • 🔓 Higher crime rates in some neighborhoods
  • 🏗️ Cost of living higher than most Louisiana cities

Explore Other Louisiana Cities

Considering other areas? Check out these nearby cities and our statewide relocation guide.

Frequently Asked Questions

Common questions about moving to and buying a home in New Orleans.

New Orleans offers a one-of-a-kind lifestyle with world-class food, music, and culture. The cost of living is lower than most major cities, and the housing market offers options from historic shotgun homes to modern condos. The tradeoffs are hurricane risk, summer humidity, and higher-than-average property insurance.
The median home price in New Orleans is approximately $306,000. Prices vary widely by neighborhood — from $150K in New Orleans East to $800K+ in Uptown and the Garden District.
Popular neighborhoods include Uptown (tree-lined streets, historic homes), Mid-City (diverse dining and arts), the Garden District (grand mansions), Lakeview (suburban feel, post-Katrina rebuilds), and Bywater (artsy, affordable). Metairie and Kenner in Jefferson Parish offer suburban living with top-rated schools.
Hurricane risk is real — the city sits below sea level and is protected by levees upgraded after Hurricane Katrina. Hurricane season runs June through November. Factor in flood insurance and windstorm coverage when budgeting for homeownership. The post-Katrina levee system is rated to withstand a 100-year storm.
Major employers include Ochsner Health System, LCMC Health, Tulane University, the Port of New Orleans, Entergy, and the City of New Orleans. Healthcare, tourism, energy, and higher education drive the local economy.
FHA loans (3.5% down), VA loans ($0 down for veterans), Conventional loans (3–20% down), and first-time homebuyer assistance programs are all available. Some areas may qualify for USDA loans. Bayou Mortgage can match you to the best program.

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