Laurel, FL is an excellent place to live with a lower than average cost of living. Neighborhoods in Laurel are reasonably priced and the two bedroom rent is $1,590 which is around 10% cheaper than the US average of $1,430. The cost of groceries in Laurel is slightly higher than the rest of the country at 108 versus 100. This makes it a great place to save money while still having access to quality products and services. Local businesses provide jobs and economic opportunities for those living in Laurel. Some noteworthy companies include The Great Exchange thrift shop which sells pre-owned clothing items, antiques, and furniture; J & B Auto Body which specializes in auto body repair; and Grant Realty that helps those looking to purchase or sell real estate. All these companies contribute greatly to the local economy and make Laurel an attractive place to live.
Laurel has an unemployment rate of 4.5%. The US average is 6.0%.
Laurel has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 42.2%, which is higher than the US average of 33.5%.
Tax Rates for Laurel
- The Sales Tax Rate for Laurel is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Laurel is 0.0%. 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 $33,699 a year. The US average is $28,555 a year.
- The Median household income of a Laurel resident is $69,850 a year. The US average is $69,021 a year.