The cost of home ownership in New Orleans is greater than almost anywhere else in the nation, according to a new analysis of U.S. census data, which shows the typical homeowner with a mortgage spends nearly one-third of their monthly income — 32.6% — on housing costs.
That’s a higher proportion than in Los Angeles, Miami or Honolulu, all much larger and more expensive cities than New Orleans, and the third-highest in the country, according to the analysis by ConsumerAffairs, a consumer research journal. New York and Hialeah, Florida, which is near Miami, topped the list.
"This really highlights that being house poor isn’t only a big-city problem driven by high home prices,” ConsumerAffairs spokesperson Dayna Edens said.
The analysis of 2024 data found New Orleans was the only one of

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