Housing costs in North Laurel?
A typical home costs
$406,100, which is 20.1% more expensive than the national average of
$338,100 and 4.6% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in North Laurel costs
$2,020 per month, which is 41.3% more than the national average of
$1,430 and 19.8% more than the state average of
$1,620.
Can I afford North Laurel?
To live comfortably in North Laurel, Maryland, a minimum annual income of
$77,760 for a family, and
$65,600 for a single person is recommended.
What does A.I. say about North Laurel?
The cost of living in North Laurel, MD is generally considered to be slightly above the national average. This is due to its close proximity to larger cities such as Washington, DC and Baltimore, Maryland. The median home value in North Laurel is listed at $317,000 while the median rent for an apartment sits at about $1,500 per month. Groceries and healthcare costs are also slightly higher than the national average, but still remain within a reasonable range. Overall, while the cost of living in North Laurel may be slightly more expensive than other areas, it offers numerous amenities that make up for it such as access to job opportunities and recreational activities.