salaryNew Orleans is 5% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in New Orleans to live the same way.
🏠 Rent per month
$1,993
$1,508
🛏️ 2-bedroom rent
$1,977
$1,391
💵 Families earn per year
$133,966
$61,077
🔑 Buying a house
$471,800
$315,700
📊 Overall prices (U.S. = 100)
97.1
92.6
🏛️ Property tax per year
$7,791
$2,606
⚡ Electric bill per month
$182
$196
👥 People living there
210,600
371,853
Commute to work
27.8 min
22.6 min
College degree
54.1%
42.4%
Own their home
63.8%
51.2%
Below poverty line
5.7%
22.6%
Unemployment
3.7%
7.5%
Bottom line
- Pick McKinney for higher incomes, a more educated workforce, less poverty and 1 more.
- Pick New Orleans for lower rent, cheaper 2-bedroom apartments, cheaper homes and 1 more.
Frequently asked questions
Is McKinney or New Orleans cheaper to live in?
New Orleans is about 5% cheaper overall. Rent is $1,508 a month there versus $1,993 in McKinney.
What salary do I need in New Orleans to match $60,000 in McKinney?
About $57,243 a year gives the same standard of living in New Orleans.
Where do people earn more, McKinney or New Orleans?
The typical household earns $133,966 in McKinney and $61,077 in New Orleans, 119% more in McKinney.