Zip 20708 (South Laurel, MD) Cost of Living


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South Laurel cost of living score
120.8
More expensive
20.8% higher
than the US average
8.1% higher
than the Maryland average
South Laurel (zip 20708), Maryland gets a BestPlaces Cost of Living score of 120.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 20.8% higher than the U.S. average and 8.1% lower than the average for Maryland.

Zip 20708 (South Laurel, MD)

Housing costs in South Laurel?
A typical home costs $451,000, which is 33.4% more expensive than the national average of $338,100 and 16.2% more expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in South Laurel costs $1,760 per month, which is 8.6% more than the national average of $1,620 and 3.4% cheaper than the state average of $1,820.

Can I afford South Laurel?
To live comfortably in South Laurel (zip 20708), Maryland, a minimum annual income of $86,400 for a family, and $62,000 for a single person is recommended.

What does A.I. say about South Laurel?
The cost of living in 20708 South Laurel, MD is quite high. The median home value in the area is $320,000, and the median rent averages at around $1,800 per month. Additionally, the cost of goods and services in the area is 12% higher than the national average. All of these factors contribute to a high cost of living that may be out of reach for some.
   Cost of living score
     CategoriesSouth LaurelMarylandUnited States
  120.8111.8100.0
  108.9105.2100
  87.284.2100.0
  146.5124.1100.0
  $451,000$388,100$338,100
  108.5%105.6%100.0%
  139.8119.3100.0
  117.7112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime