New Orleans is a city in Louisiana state in USA with a population of 391249 residents.. The poverty rate of New Orleans is 23%, which is 64% higher than national average. The typical household in New Orleans earns $43258 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 7 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 54.4% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in New Orleans, only 88% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of New Orleans remained 8.5%, which is 81% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In New Orleans, only 38% of adults have a bachelor's degree and 27% have some college but no degree.

Cost of living in New Orleans is 100, which is 0% lower than national average. Median home value in New Orleans is $250000 , which is 9% higher than national average. While median income in New Orleans remained $43258, which is 36% lower than national average.