Housing costs in Laurel?
A typical home costs
$413,800, which is 22.4% more expensive than the national average of
$338,100 and 6.6% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Laurel costs
$1,760 per month, which is 23.1% more than the national average of
$1,430 and 8.0% more than the state average of
$1,620.
Can I afford Laurel?
To live comfortably in Laurel, Maryland, a minimum annual income of
$79,200 for a family, and
$62,000 for a single person is recommended.
What does A.I. say about Laurel?
Living in Laurel, MD, can be quite affordable depending on one's lifestyle and needs. The cost of housing is lower than the national average, with the median home price being around $310,000. Additionally, utilities are fairly low at an average of $128 per month. Transportation costs are also relatively inexpensive, with most residents opting for public transit or carpooling to get around. Groceries and other necessities can be found at reasonable prices in Laurel's numerous shopping areas and restaurants. Overall, Laurel offers a variety of options to its residents when it comes to managing their budget without sacrificing quality of life.