Thinking about moving to New Orleans?
From flavorful food, stiff booze, rich culture, soulful music, colorful art, and endless festivals, there is something special about New Orleans. Even though it is deemed a big city, it still has a small town feel, with many communities to call your own.
New Orleanians are obsessed with their city, and once you make your move to The Big Easy, you won’t be able to stop talking about it either.
Between 2010 and 2016, more than 47,666 people have moved to New Orleans, an increase of 13.9%.
Where Are All the New Residents of New Orleans Moving From?
New Orleans is perhaps best known for its leisure activities, especially Mardi Gras, but did you know the area is also becoming a tech hub? It’s true, according to financial website SmartAsset, which named the…
Living
New Orleans is home to 391,495 New Orleanians. With an area of 169.4 square miles, New Orleans has a population density of 2,311 persons per square mile, which makes it less dense than many other cities of comparable size.
The New Orleans-Metairie, LA Metropolitan Statistical Area boasts a population of 1,268,883 people, of which New Orleans proper’s population makes up 31%.
Housing
One of New Orleans’s greatest strengths is its relatively affordable housing market. The median home value in New Orleans is $169,400, -15% below the US median value, according to Zillow. The median price per square foot in New Orleans is $156. Over the past 5 years, home values in New Orleans have increased by 6%.
Renters in New Orleans may find it more difficult to find affordable housing. The median rent in New Orleans is $1,439 per month, which is 1% higher than the US median. Over the past year, rental rates in New Orleans have decreased by 3.5%.
Economy
New Orleans’s economy has been a bit sluggish over the past few years. The New Orleans metro area’s GDP grew by 1% between 2010 and 2015, from $78 billion in 2010 to $78 billion in 2015, a total increase of $ billion. The metro area has a per capita GDP of $61,848. According to the US Census Bureau, the median household income in New Orleans, LA is $47,163, 15% higher than the national median. New Orleans’s unemployment rate is 5.5%.
