Memphis, TN vs New Orleans, LA
Cost of Living Comparison
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Equivalent Salary
$100,000 in Memphis, TN = $98,614 in New Orleans, LA
Buying power is -1.4% lower in New Orleans, LA
Median Rent
$1,123 vs $1,211
7.8% higher in New Orleans, LA
Median Income
$51,211 vs $55,339
8.1% higher in New Orleans, LA
Home Value
$157,100 vs $296,400
88.7% higher in New Orleans, LA
Price Level
92.4 vs 91.1
US avg = 100
Salary Needed for Median Rent
$44,900 vs $48,400
30% of gross income guideline
Rent as % of Income
26.3% vs 26.3%
Lower is more affordable