Laurel, DE is a great place to live due to its affordable rent and low cost of living. The current two bedroom rent in the city is around $900 while the US two bedroom rent averages out to be $1,430. Additionally, the town's Grocery Cost Index is 105 versus 100 in the US. This means that residents can save money when it comes to buying groceries. Local companies or organizations in Laurel include Nanticoke Health Services, Delaware State Police Troop 7, and Tipton's Feed & Seed Co. All three of these businesses have an important impact on the community and are integral parts of Laurel life.
Laurel has an unemployment rate of 6.4%. The US average is 6.0%.
Laurel has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Laurel
- The Sales Tax Rate for Laurel is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Laurel is 6.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Laurel
- The average income of a Laurel resident is $14,797 a year. The US average is $28,555 a year.
- The Median household income of a Laurel resident is $34,615 a year. The US average is $69,021 a year.