Housing costs in Laurel?
A typical home costs
$123,700, which is 63.4% less expensive than the national average of
$338,100 and 20.3% less expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Laurel costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 23.6% cheaper than the state average of
$890.
Can I afford Laurel?
To live comfortably in Laurel, Mississippi, a minimum annual income of
$23,760 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Laurel?
Living in Laurel, MS is relatively affordable. The cost of living index is 80, which is 20% lower than the national average. Housing costs are especially low, with a median home price of $76,600 and median rent of $713. Groceries, health care and transportation costs are all well below the national average as well. In general, living in Laurel is more affordable than many other places in the U.S., making it an attractive option for those looking to move to a new city while still keeping their expenses low.