Houston and New Orleans have a similar cost of living.
When comparing Houston, TX and New Orleans, LA, the overall cost of living indices are 88 and 90 respectively (national median = 100). Rent is $102/month cheaper in New Orleans, saving renters about $1,224/year.
Median household income is $7,555/year higher in Houston. Home values also differ significantly — the median in Houston is $253,400 compared to $296,400 in New Orleans.
Texas has no state income tax, giving Houston residents a significant tax advantage over Louisiana's 4.25% rate.
Houston vs New Orleans — common questions
Other cost of living comparisons for Houston and New Orleans