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Who would think New Orleans would score so well so fast. Though it’s hardly recovered from Hurricane Katrina, there is much going on in New Orleans
that is great for seniors, even if the data is a bit sketchy yet.
Obviously certain things such as climate haven’t changed and while hot and humid during the summertime, the other three seasons of the year are ideal.
New Orleans property is also quite inexpensive at this time at $147,000 and while the old New Orleans was a very old city with old houses, that which is replacing it is brand new and very affordable. Look for this to continue over the next several years, but then look out for much increased property values as people start to see this is a city that has mended. In other words, look for substantial equity in a very short period of time. In the last year, property values have increased at a rate of nearly 30%.
Cost of living in New Orleans is also very low compared with the rest of the country. There is much competition for consumer business right now and this trend is likely to continue over the next 10-15 years.
Air quality and water quality have obviously had their bad moments in New Orleans over the past two years, but these have gone up dramatically.
What is incredible for seniors however, is that the number of physicians per 100,000 people is now at 550 compared to only 170 as an average for the rest of the nation. Finding a doctor that you like is no problem in New Orleans.
Welcome back New Orleans and congrats on being Senior Magazine’s 2007 Top Cities for Seniors #6 choice.
