Housing costs in Laurel?
A typical home costs
$245,900, which is 27.3% less expensive than the national average of
$338,100 and 26.9% less expensive than the average Delaware home, at
$336,200. Renting a two-bedroom unit in Laurel costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 47.8% cheaper than the state average of
$1,330.
Can I afford Laurel?
To live comfortably in Laurel, Delaware, a minimum annual income of
$47,160 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Laurel?
Living in Laurel, DE is relatively affordable. According to BestPlaces, the cost of living index for Laurel is about 17% lower than the US average. Renting an apartment in the city centre costs around $660 per month on average, while a three-bedroom outside of the centre costs on average around $900 per month. Groceries and dining out are also quite affordable, with restaurant meals costing about $15-20. Utility bills tend to be very low due to mild winters and summers, but they can still add up over time. All in all, it's easy to see why living in Laurel is such an attractive option for many people.