CALCMONEY // MORTGAGE // LA // METAIRIE
Calculate your monthly mortgage payment using Metairie-specific property tax rates and local market data.
$318,000
6.9%
0.46%
119
| Principal & Interest | $1,675 |
| Property Tax | $122 |
| Homeowners Insurance (est.) | $106 |
| Total Monthly Payment (PITI) | $1,903 |
$63,600
$348,772
$81,573/yr
Home prices in Metairie run 24% below the national median: $318,000 versus $420,000. Relative to the $58,000 median household income here, the price-to-income ratio comes out to 5.5x.
Metairie's 0.46% property tax rate runs below the 1.1% national average. That's $122/month on the median home here, not a rounding error against the mortgage payment.
Between the $1,903/month mortgage payment and Louisiana's state income tax, your real housing cost calculation needs your after-tax number, not your gross salary.
Beyond housing, Metairie's cost of living index sits at 119 (national average = 100), running above the national baseline for groceries, transportation, and everyday services.
Metairie's median home price runs 20% higher than nearby New Orleans: $265,000 there versus $318,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $254,400 loan saves $11,448 in interest over 30 years.
Compare Top Metairie Mortgage LendersNew Orleans
$265,000 median
LABaton Rouge
$225,000 median
LAShreveport
$175,000 median
LALafayette
$210,000 median