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What you put intoyour retirement savings now could go further in New Orleanswhen you retire.
After all, just because you like eating poboys doesnt mean you want to be one.
Quick Take: How Cheap To Retire in New Orleans?
GOBankingRates recentlyconducted a studyto examine price breakdowns of the cost of living in New Orleans for retirees.
Some of the estimates and averages found may surprise you.
Housing costs in New Orleans are relatively low compared to many other major cities.
All those details and more lead to your total expenses totaling less than $50,000 annually.
Paying for food, both when grocery shopping and dining out, is often one of thebiggest budgetary percentages.
Luckily, New Orleans tends to come in cheaper for food costs when compared to some other big cities.
First GOBankingRates found the most populated US Cities as sourced from the US Census American Community Survey.
The mortgage and expenditures can be used to find the total cost of living for each city.
The cities with an annual cost of living above $50,000 were removed for this study.
All data was collected on and is up to date as of May 17th, 2024.
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