Chicago, ILNew Orleans, LA
You would need around 17.7% less money in New Orleans, LA to maintain the same standard of living you have in Chicago, IL.
Overall Cost of Living
New Orleans, LA is cheaper than Chicago, IL
1-Bed Rent (City Center)
Groceries (Monthly)
Average Net Salary
Editorial Insight: Planning a move from Chicago, IL to New Orleans, LA? Based on our verified data model, you are looking at a fantastic geo-arbitrage opportunity. Overall, the cost of living in New Orleans, LA is 17.7% cheaper. Housing is typically the biggest financial win—renting a 1-bedroom apartment in New Orleans, LA's center costs around 1,870 USD, which is a staggering 22.3% less than in Chicago, IL. If you are retaining a remote income, the Remote Wealth team ranks this as a highly strategic move for wealth accumulation.
Reviewed by the Remote Wealth Editorial Team
Our cost of living data for Chicago, IL and New Orleans, LA is compiled using our rigorous verification methodology. We combine millions of data points from reliable sources to ensure you get the most accurate financial comparison for your relocation.
Read more about our team →Salary Comparator
Find out exactly how much you need to earn in New Orleans, LA to maintain your current lifestyle in Chicago, IL.
You need in New Orleans, LA
4,225 USD
Geo-Arbitrage FIRE
Discover how moving to a cheaper city accelerates your Financial Independence and Retire Early (FIRE) timeline.
By moving from Chicago, IL to New Orleans, LA and investing the 18% cost of living difference, you could reach FIRE 2.7 years earlier.
Budget Simulator
Instantly adapt your Chicago, IL budget to local New Orleans, LA prices. We automatically adjust housing, groceries, and leisure categories.
Investment Planner
You save 536 USD every month on rent alone by moving to New Orleans, LA.
Investing this rent difference in an S&P 500 index fund could grow to ~90,048 USD in 10 years.