New Orleans, LA — income, home value, property tax, and sales tax.
In ZIP code 70113, part of New Orleans, homes carry a median value of $305,800, yet households here earn a median of $39,333. At the county's 0.82% effective property tax rate, an owner of a median-valued home would owe roughly $2,500 annually — a sum that competes directly with other essentials when income sits near $39,000. Per-capita income reaches $34,039. Sales taxes add 5.00% to purchases, trimming spending power further. The gap between home prices and local earnings shapes who can buy and stay here, making the property tax bill a real factor in housing decisions.
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