Located in the state of Louisiana, New Orleans is a large city with a population of 382,922 inhabitants. Long travel times to work can be one of the most frustrating things in the world - right behind housework! If you decide that living in New Orleans is the right fit for you, your one way commute time will average 24 minutes, which is about average when compared to the national commute time of 26 minutes.
Without the right tools, moving to any new area can be very stressful and challenging. Living in New Orleans, Louisiana could be a positive experience for anyone who puts in the effort to do the research required. Using the livability score which includes data from categories like amenities, weather, education, housing, you can easily compare the best places to live in New Orleans and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare New Orleans to Louisiana and the national average.
New Orleans has a livability score of 71/100 and is ranked #186 in Louisiana and #9,370 in the USA. There are seven total categories that generate the livability score. New Orleans ranks well for amenities (A+), weather (B+) and education (A+). New Orleans does not rank well for the following: crime (F), employment (D-) and housing (D-). It might be wise to take a closer look at each category to find out why.
Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., New Orleans has received a higher than average score for its local amenities. If you’re planning on relocating and making this area your permanent home, it’s nice to know that there is an ample amount of amenities and things to do within walking distance or a short drive. Some of the interesting things to do and attractions include: French Quarter, French Quarter, and The National WWII Museum.
The New Orleans unemployment rate (1.2%) has continued to decrease over the years and is now well below the national average. Finding a new job in the area might just be easier than you thought!
The average school test scores in New Orleans are 73%. This far exceeds the national average and ensures that this educational system will provide your children with the skills and the tools they need to thrive.
New Orleans real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in New Orleans. The median home price for New Orleans homes is $197,000, which is 32.8% higher than the Louisiana average. If we take a closer look at the affordability of homes in New Orleans, we’ll see that the home price to income ratio is 5.3, which is 60.6% higher than the Louisiana average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the New Orleans area were -2.2% and 5 year appreciation rates were 8.5%.