CostIndexUSA

Indianapolis, IN vs New Orleans, LA Cost of Living

Data: BEA Regional Price Parities · Census ACS · 2024

IN
Indianapolis
95.7
overall index
$1,500/mo rent
More AffordableLA
New Orleans
92.6
overall index
$1,575/mo rent

New Orleans is slightly cheaper than Indianapolis — 3.2% lower overall cost of living.

To match an $80,000 salary in Indianapolis, you would need $77,400 in New Orleans. Calculate your salary ↓

Category Breakdown

Index values: 100 = U.S. national average. Higher = more expensive.

🏠 Housing−3.3%
Indianapolis
88.9
New Orleans
86
🛒 Groceries−0.6%
Indianapolis
94.3
New Orleans
93.7
🚗 Transportation−3.5%
Indianapolis
104.1
New Orleans
100.5
🏥 Healthcare−3.5%
Indianapolis
94.2
New Orleans
90.9
⚡ Utilities−17.6%
Indianapolis
86.4
New Orleans
71.2

Salary Equivalency Calculator

Enter your current salary in Indianapolis to see what you'd need to earn in New Orleans to maintain the same purchasing power.

$
→
Equivalent salary in New Orleans, LA
$77,400
$2,600 less needed in New Orleans

Formula: salary × (92.6 ÷ 95.7) = salary × 0.9676. Based on BEA Regional Price Parities.

Housing Market

Indianapolis, IN

Median Home Price
$283,000
Median Monthly Rent
$1,500
Housing Index
88.9
Price-to-Rent Ratio
15.7×

New Orleans, LA

Median Home Price
$253,000
Median Monthly Rent
$1,575
Housing Index
86
Price-to-Rent Ratio
13.4×

Indianapolis has 3.3% lower housing costs compared to New Orleans.

Income & Job Market

Indianapolis, IN

Median Household Income
$77,900
Per Capita Income
$44,400
Unemployment Rate
3.4%
Population
887,642
Top Industries
HealthcareManufacturingFinanceLogisticsSports

New Orleans, LA

Median Household Income
$61,000
Per Capita Income
$34,800
Unemployment Rate
5%
Population
383,997
Top Industries
TourismEnergyHealthcareShippingEntertainment

Affordability at a Glance

Income-to-rent ratio: higher is better (more income relative to housing costs).

Indianapolis, IN
4.3×income-to-rent ratio

77% of income left after rent (median)

New Orleans, LA
3.2×income-to-rent ratio

69% of income left after rent (median)

Indianapolis vs other cities

Indianapolis, IN
vs
Bloomington, IN
Index: 95.7Index: 95.1
Indianapolis, IN
vs
Evansville, IN
Index: 95.7Index: 91.5
Indianapolis, IN
vs
Fort Wayne, IN
Index: 95.7Index: 92.6
Indianapolis, IN
vs
Charlotte, NC
Index: 95.7Index: 97.3
Indianapolis, IN
vs
San Francisco, CA
Index: 95.7Index: 115.6

New Orleans vs other cities

New Orleans, LA
vs
Baton Rouge, LA
Index: 92.6Index: 90.8
New Orleans, LA
vs
Lafayette, LA
Index: 92.6Index: 87.2
New Orleans, LA
vs
Lake Charles, LA
Index: 92.6Index: 85.9
New Orleans, LA
vs
Bakersfield, CA
Index: 92.6Index: 100.9
New Orleans, LA
vs
Arlington, TX
Index: 92.6Index: 103.1

Data Sources: Bureau of Economic Analysis (BEA) Regional Price Parities 2024; U.S. Census Bureau American Community Survey (ACS); Bureau of Labor Statistics (BLS) Local Area Unemployment Statistics; Zillow Research.

Cost indices use 100 as the U.S. national average. Values above 100 indicate costs above the national average. Data is updated annually.

This data is for informational purposes only and should not be used as the sole basis for relocation or financial decisions.