Quick answer
Overall prices in the Richmond, VA metro were 97.9 vs 92.6 in New Orleans, LA in 2024 (US = 100), so Richmond is 5.7% more expensive than New Orleans; housing rents differ by 15% (99.1 vs 86.0). A $75,000 income in Richmond buys about what $70,968 buys in New Orleans, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Richmond | New Orleans | Richmond vs New Orleans |
|---|---|---|---|
| All items | 97.9 | 92.6 | +5.7% |
| Goods | 96.8 | 93.7 | +3.3% |
| Housing (rents) | 99.1 | 86.0 | +15.3% |
| Utilities | 89.2 | 71.2 | +25.3% |
| Other services | 98.6 | 95.7 | +3.0% |
| All items, 2008 | 98.1 | 98.2 | -0.1% |
| $50,000 in Richmond equals in New Orleans | $47,312 | ||
| $100,000 in Richmond equals in New Orleans | $94,624 | ||
| $150,000 in Richmond equals in New Orleans | $141,936 |
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Last updated 2026-10-16. Data only, not financial or tax advice.