Housing costs in Laurel?
A typical home costs
$366,400, which is 8.4% more expensive than the national average of
$338,100 and 5.6% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Laurel costs
$1,810 per month, which is 11.7% more than the national average of
$1,620 and close to the state average of
$1,820.
Can I afford Laurel?
To live comfortably in Laurel (zip 20707), Maryland, a minimum annual income of
$70,200 for a family, and
$63,600 for a single person is recommended.
What does A.I. say about Laurel?
The cost of living in 20707 Laurel, MD is relatively high compared to other locations in the area. According to BestPlaces, consumer prices are 26.62% higher than the national average. Rent prices are also 35.08% higher than the national average. Furthermore, groceries are 10.71% more expensive than the United States average, and restaurant prices are 14.81% higher than the U.S average. Despite its comparatively high cost of living, 20707 Laurel offers a variety of amenities and activities that make it an attractive place to live for those who can afford it.