Laurel, MT is a small town with plenty of charm and personality. It has an incredibly affordable cost of living compared to the US average, with two bedroom rent prices coming in at around $1,030 compared to the national average of $1,430. The grocery cost index in Laurel is 101 versus 100 in the US, making it an even more wallet-friendly option. While Laurel may be small in size, it has plenty of local businesses to choose from. There's a variety of restaurants serving up delicious meals; a few favorites include Mama B's Italian Restaurant and La Cocina Mexicana. For those looking for a night out on the town there's Twilight Bar & Grill and Thirsty Street Brewing Company. Additionally, Laurel offers several shopping options like Premier Furniture & Design Center and Yarn Junction - both great places to purchase unique items for your home or wardrobe.
Laurel has an unemployment rate of 4.1%. The US average is 6.0%.
Laurel has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 25.9%, which is lower than the US average of 33.5%.
Tax Rates for Laurel
- The Sales Tax Rate for Laurel is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Laurel is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Laurel
- The average income of a Laurel resident is $22,768 a year. The US average is $28,555 a year.
- The Median household income of a Laurel resident is $59,444 a year. The US average is $69,021 a year.