Housing costs in Laurel?
A typical home costs
$131,300, which is 61.2% less expensive than the national average of
$338,100 and 15.5% less expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Laurel costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 11.3% cheaper than the state average of
$890.
Can I afford Laurel?
To live comfortably in Laurel Mississi Metro Area, Mississippi, a minimum annual income of
$25,200 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Laurel?
The cost of living in Laurel, MS Metro Area is 74.2, which is significantly lower than the US average of 100. This makes the area an attractive option for those looking to own a home at a more affordable price point. The median house value in Laurel, MS Metro Area is $131,300—a fraction of the US average of $338,100. This means that residents can purchase a home while spending much less than they would in other areas of the country.