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Old 09-12-2010, 11:26 PM
 
1,347 posts, read 2,048,945 times
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You can find studios in the Quarter for $700-900 easy.

Its not THAT expensive to live here, esp. as a renter....I considered Boston for grad school, now THAT'S expensive!
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Old 09-13-2010, 10:13 AM
 
Location: New Orleans, LA
310 posts, read 768,835 times
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My bad. Just going by what friends have paid. Apparently they have expensive taste and I didn't see anything special about their apartments. With the exception of NYC, this is the most expensive I've experienced... It's mainly insurance costs, home and auto. I guess renting would help with those costs.
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Old 09-13-2010, 05:03 PM
 
Location: New Orleans, United States
4,230 posts, read 9,333,264 times
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Rents are still below U.S. average (Atlanta, Dallas, Houston, & Miami are just cheap), but combined with average incomes the COL is knocked up there to almost reach NY, MA, or CA.
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Old 09-13-2010, 05:45 PM
 
Location: Destrehan, Louisiana
2,192 posts, read 6,369,437 times
Reputation: 3629
Quote:
Originally Posted by Truckingtiger View Post
Here is my situation...we went to NOLA for 8 days and fell in love with the city and the people there. So much so that we (my wife and I) want to move there. I am a truck driver who is in La. all of the time delivering and picking up to go all over tis country so it wouldn't be a problem for me...my wife is an artist (painter) that could use some NOLA inspiration to get her in gear again and start wetting some canvas with oils. I think the move there would do us BOTH good. Im also thinking about opening a restaurant there within 5 years (its in my 5 year plan).

What kind of places are in the Quarter to live? How expensive is it there in the Quarter for rent? Like I said, my wife is the artsy one and would thrive in the Quarter which is why Im thinking about there. What are the positives and negates of living in the FQ?

Thanks for any help!

Not to bust your bubble about opening a restaurant. But if you do, you better know food and you better have enough money to carry you over two to five years.

Plus French Quarter restaurants are a completely different type of restaurant than local neighborhood ones. They cater to the tourist and some struggle when the tourist don't show up.

I was in the business for years and I still have family members who own several well known restaurants and it's not unusual to do $10K on one day and like yesterday barely get fifty customers and cost them money just to open the doors.

busta
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Old 09-13-2010, 05:48 PM
 
Location: Destrehan, Louisiana
2,192 posts, read 6,369,437 times
Reputation: 3629
Quote:
Originally Posted by chalcedony View Post
Amazing to me that rents in the quarter would be this high ($2000 for 1BR). I know folks who are college students living in 2BRs in the quarter and there's no way they could afford at that price range. Also, since Katrina, vacancies in Katrina are super-high, so you'd think the prices would go down to meet the reduced demand. And if they really were Manhattan prices, you'd think developers would scramble to redevelop the scores upon scores of dilapidated properties in the quarter (particularly the stuff closer to Canal Street and around Decatur/Chartres) to meet that tremendous demand that can ask for sky-high prices.
Its not uncommon to find a million dollar place to rent in the French Quarter right next to a place that rents for under $1K a month.


busta
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