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New Orleans-Metairie, LA vs Slidell-Mandeville-Covington, LA
A 2-bedroom in Slidell-Mandeville-Covington costs $0 less per month than New Orleans-Metairie ($1,331 vs $1,331). Median income is $62,271 in New Orleans-Metairie and $79,277 in Slidell-Mandeville-Covington. That's a difference of $0 per year in housing costs.
Side-by-Side Comparison
| Metric | New Orleans-Metairie | Slidell-Mandeville-Covington |
|---|---|---|
| Studio FMR | $964 | $990 |
| 1BR FMR | $1,113 | $1,130 |
| 2BR FMR | $1,331 | $1,331 |
| 3BR FMR | $1,701 | $1,724 |
| 4BR FMR | $1,996 | $1,996 |
| Median Income | $62,271 | $79,277 |
| Rent Burden | 25.6% | 20.1% |
| Actual Median Rent | $1,182 | $1,305 |
| Median Home Value | $248,000 | $272,200 |
| Population | 989K | 269K |
| Renter % | 39.7% | 21.2% |
| Vacancy Rate | 14.3% | 8.1% |
| Poverty Rate | 18.3% | 12.2% |
| YoY Change | - | - |
| Min Wage | $7.25/hr | $7.25/hr |
Income Required to Afford a 2-Bedroom
New Orleans-Metairie, LA
Annual Income Needed
$53,240
Hourly Wage Needed
$26/hr
Min Wage Work Hours/Week
141.2 hrs
at $7.25/hr (LA min wage)
Slidell-Mandeville-Covington, LA
Annual Income Needed
$53,240
Hourly Wage Needed
$26/hr
Min Wage Work Hours/Week
141.2 hrs
at $7.25/hr (LA min wage)
Frequently Asked Questions
Both areas have the same 2-bedroom Fair Market Rent of $1,331/mo.
A 2-bedroom in New Orleans-Metairie, LA costs $1,331/mo at Fair Market Rent, while in Slidell-Mandeville-Covington, LA it's $1,331/mo, a difference of $0/mo or $0/year.
To afford a 2BR without spending more than 30% of income on rent: New Orleans-Metairie requires $53,240/year ($26/hr). Slidell-Mandeville-Covington requires $53,240/year ($26/hr).
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