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This question is about New Orleans, LA.
What is a good salary in New Orleans, LA?
A good salary in New Orleans, LA is anything over $48,000. That's because the median income in New Orleans is $48,000, which means if you earn more than that you're earning more than 50% of the people living in New Orleans. The average salary in New Orleans is $57,775.
A good hourly wage in New Orleans is $23.08 per hour. That works out to a good weekly wage of $923 per week and a good monthly wage of $4,000 per month. However, using the median income is only one way to calculate a good salary in New Orleans.
Another way to calculate a good salary in New Orleans is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $231,500, a good salary in New Orleans would be $46,300.
Lastly, we can determine a good salary in New Orleans by looking at the cost of living and comparing it to the US average salary. The cost of living in New Orleans is 1% higher than than the national average. The national average salary is $56,310, so a good salary in New Orleans is anything over $56,873 by this measure.
Average Annual Salary in New Orleans, LA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $22,000 | $1,833 | $423 | $10.58 |
| 25th | $31,000 | $2,583 | $596 | $14.9 |
| Median | $48,000 | $4,000 | $923 | $23.08 |
| 75th | $72,000 | $6,000 | $1,384 | $34.62 |
| 90th | $104,000 | $8,666 | $2,000 | $50.0 |
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