Yay! Welcome back. Here is my two cents...the city has changed a lot. And I say that as someone who lives in what is nastily referred to as the "Isle of Denial" (uptown). But we had 6 feet of water and lost a lot. Not everything, but a lot. There are things that have closed that I miss, esp. in, say, mid-city, but even in metairie. Plus, i think there are things that we might have had but for the storm. A Target store in mid-city or a Trader Joe's somewhere maybe. Education is maybe better but it's still all about Lusher for little ones. Housing prices have actually come down a bit recently but were really high. I didn't notice the cost of living being crazy, but then I evacuated to Northern Virginia so my comparison might be skewed.
One thing I will say is that the people here are special. There is a "katrina bond" between those of us who were here and evacuated...just from the fear, the uncertainty, the everything of those first few weeks. And it doesn't matter when we came back, just that eventually we did. My friendships are deeper here than I've ever had and I lived a bunch of places.
So, there's my two cents. Welcome back and I hope you'll be happy here!