The city of Laurel, VA is a great place to live for those looking for a suburban area close to larger cities. The average two bedroom rent in Laurel is only slightly higher than the US average at $1,490 compared to $1,430. Another pro for living in Laurel is that the grocery cost index is 97 as opposed to 100 in the US. There are many local businesses in Laurel situated along Main Street such as The Hideaway Cafe, Supreme Dental Care, and Mac’s Bar & Grill that all contribute to the charm of the city.
Laurel has an unemployment rate of 5.2%. The US average is 6.0%.
Laurel has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.3%, which is higher than the US average of 33.5%.
Tax Rates for Laurel
- The Sales Tax Rate for Laurel is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Laurel is 5.8%. 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 $25,801 a year. The US average is $28,555 a year.
- The Median household income of a Laurel resident is $63,737 a year. The US average is $69,021 a year.