Cost of Living: New Orleans, LA vs Chicago, IL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,268/mo in New Orleans, LA versus $4,227/mo in Chicago, IL. In the model, rent is about 17.64% of gross in New Orleans, LA versus 20.28% in Chicago, IL, so New Orleans, LA tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between New Orleans, LA and Chicago, IL.
At a glance
- Cheaper overall (lower cost-of-living index): New Orleans, LA
- Lower rent (median 1BR/2BR): New Orleans, LA
- Lower home prices: Chicago, IL
- Higher median household income: Chicago, IL
Cost of Living Index
New Orleans, LA: 95.2 (U.S. = 100) · Chicago, IL: 98.3 (U.S. = 100)
New Orleans, LA has a lower cost-of-living index than Chicago, IL, so a given salary generally stretches further there.
Median Rent
New Orleans, LA: $1,151/mo (midpoint of 1BR/2BR) · Chicago, IL: $1,323/mo
Median rent in Chicago, IL is $172/mo higher than in New Orleans, LA.
Median Home Price
New Orleans, LA: $296,400 · Chicago, IL: $147,800
Median home price in New Orleans, LA is $148,600 higher than in Chicago, IL.
Median Household Income
New Orleans, LA: $55,339 · Chicago, IL: $56,815
Chicago, IL has a higher median household income than New Orleans, LA by $1,476.
New Orleans, LA overview · Chicago, IL overview · Popular comparisons