Median rent is 28% lower in New Orleans ($1,251/mo vs $1,729/mo). Buying is cheaper in New Orleans, where the median home runs $315,700 versus $555,300. Households earn more in Austin ($93,658 vs $56,631 a year). Taken together, New Orleans is the more affordable choice with a cost index of 91.2 against 98.3 — about 7% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Austin, TX.
Cost of living verdict
New Orleans is 7% cheaper overall
Cost of Living Index: 91.2 in New Orleans vs 98.3 in Austin (US national average = 100)
City A
Austin, TX
City B
New Orleans, LA
How much would you need to earn in New Orleans, LA to maintain your standard of living from Austin, TX?
Equivalent salary in New Orleans, LA
$69,595
You could earn $5,405 less (7% lower) and break even.
Based on BEA Regional Price Parity (cost index) for each metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
Austin
Texas
New Orleans
Louisiana
Population
Median Household Income
Annual
Median Gross Rent
Per month
Median Home Value
Cost of Living Index
US avg = 100
1BR Fair Market Rent
HUD FMR
2BR Fair Market Rent
HUD FMR
3BR Fair Market Rent
HUD FMR
Air Quality Index
Lower = cleaner
Top State Income Tax
Top marginal rate
State Sales Tax
Statewide base rate
Median Age
Years
✓ = better value · Sources: Census ACS, BEA, HUD Fair Market Rents, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in New Orleans — median rent of $1,251/mo versus $1,729/mo in Austin, a 28% difference. Home buyers face a steeper market in Austin: the median home is $555,300 versus $315,700 in New Orleans — 43% more expensive.
Metric
Austin
New Orleans
Software Developer
Registered Nurse
Elementary Teacher
Electrician
Accountant
Higher wage highlighted · BLS OEWS 2023 (metro-level data)
State tax data is not yet available for these cities.
Austin
Income tax: N/A
Sales tax: N/A
New Orleans
Income tax: N/A
Sales tax: N/A
New Orleans has cleaner air on average: 52.0 AQI (Moderate) compared to 65.0 AQI (Moderate) in the other city. Lower AQI means cleaner, healthier air.
Pick New Orleans if you prioritize lower overall cost of living (index 91.2 vs 98.3).
Pick Austin if you prioritize higher median household income ($93,658/yr).
Pick New Orleans if you prioritize cheaper rent ($1,251/mo median).
Pick New Orleans if you prioritize cleaner air quality (avg AQI 52.0).
New Orleans is cheaper overall, with a cost of living index of 91.2 versus 98.3 (US average = 100). That means prices run about 7% lower in New Orleans.
Median rent is $1,729/mo in Austin, TX and $1,251/mo in New Orleans, LA. New Orleans, LA has the lower rent by about 28%.
Median household income is $93,658 in Austin, TX and $56,631 in New Orleans, LA. Austin, TX has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
New Orleans, LA has better air quality on average: 52.0 AQI versus 65.0 AQI. Both are EPA AirNow annual averages; lower is better.
State tax data is not yet available for one or both cities.
To maintain the same purchasing power, a salary of $100,000 in Austin, TX is equivalent to roughly $92,794 in New Orleans, LA (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
