Blacks Are Poorer Since Katrina
African-Americans in New Orleans still suffer unequally from poverty and unemployment. Black households earn half the income of white households, and while the share of white households considered middle or upper class is growing— the city’s Black middle and upper class has shrunk. Forty-four percent of Black households in New Orleans earn less than $21,000.
Blacks Were Displaced By Higher Housing Prices
The “new” New Orleans is also more expensive to live in. Rents have skyrocketed by 43 percent, home prices in some historically Black neighborhoods have doubled, because of gentrification and also because of lack of supply and the high cost of building. Black families who still harbored hopes of returning home have been priced out, especially since property taxes have doubled, and flood-insurance rates have tripled. The city also demolished public housing projects where thousands had lived, replacing them with updated but lower-density homes. Thousands of families remain on a waiting list for subsidized housing.

