Greater New Orleans by the Numbers | Q4 2022

EMPLOYMENT & ECONOMY STATISTICS

POPULATION

1,442,076
31% of Louisiana’s population resides in Greater New Orleans
Source: U.S. CENSUS BUREAU, 2021

EMPLOYMENT STATISTICS

$60,424
Metro Average Annual Wages
Source: U.S. BUREAU OF LABOR STATISTICS, Q4 2021

671,602
Civilian Labor Force
Source: LIGHTCAST 9/22

3.8%
Regional Unemployment
Source: LIGHTCAST 9/22

ECONOMY

50,001
Private Establishments
Source: BUREAU OF LABOR STATISTICS, NOT SEASONALLY ADJUSTED, Q2 2022

56,314
Unique Job Postings
Source: LIGHTCAST, NOVEMBER 2022 DATA

SECTOR OVERVIEW: TRANSPORTATION & LOGISTICS JOBS

JOBS 81,873
AVERAGE SALARY $64,823
GDP $7.6B
Source: LIGHTCAST

FAST FACTS: TRANSPORTATION & TRADE

ANNOUNCEMENTS
RECENT ANNOUNCEMENTS
Youth Empowerment Project Receives Major Donation
In July, The Rusovich Foundation announced a direct $100,000 donation to the Youth Empowerment Project (YEP), as part of The NOLA Coalition’s pledge to raise five million per year for youth services, over three years, for a total of fifteen million invested in high-impact New Orleans nonprofits. This generous support is in response to the Coalition’s pledge to invest in positive generational change for young people in New Orleans. The funds were provided directly to YEP, and will immediately be used to support the organization’s activities and services in the local community.

TRADE
$12.4B
Value of Exports from the New Orleans Metro Area
#5
Largest U.S. metro measured by value of exports
Source: U.S. CENSUS BUREAU; U.S. EXPORTS BY METROPOLITAN AREA, Q2 2022

COST OF LIVING & REAL ESTATE
OVERALL COST OF LIVING
GNO Region: 99.3
U.S. Average: 100
Source: LIGHTCAST

REAL ESTATE
OFFICE
Local Vacancy: 7.0%
National Vacancy: 12.5%
Local Rent: $20.52/ft2
National Rent: $35.18/ft2
Local Inventory: 53.5M ft2

INDUSTRIAL
Local Vacancy: 2.0%
National Vacancy: 4.0%
Local Rent: $9.27/ft2
National Rent: $11.03/ft2
Local Inventory: 81.8M ft2
Source: COSTAR

RANKINGS
RECENT RANKINGS
Greater New Orleans ranks #8 in the USA in number of entrepreneurs per capita
—Commodity.com

Louisiana’s four-year public and private colleges and universities are #4 in the USA for providing social mobility to students
—2022 Social Mobility Index

Louis Armstrong New Orleans International Airport has been named one of three Best Airports in North America (5-15M passengers)
—Airports Council International

Louisiana is #5 in USA for Growth in Digital Entrepreneurs
—Amazon

New Orleans is ranked #1 for Logistics and FTZ Imports
—Business Facilities

New Orleans is the #4 Most Entrepreneurial Metro in USA
—Cloud Kitchens

GNO, Inc.’s mission is to create a Greater New Orleans with a thriving economy and an excellent quality of life, for everyone. For more information about the market, or help with your business, please contact our Research and Business Development team:

Chantilly Benitez
Business Development &
Research Manager
hcrabtree@gnoinc.org

Josh Fleig
Vice President of Business Development
jfleig@gnoinc.org

*Due to data collection methods, previous GNO By the Numbers are not directly comparable