Laurel, FL Cost Of Living
Cost Of Living In Laurel, FL Summary
Cost of living in Laurel research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Laurel is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Laurel is 121, with 100 being the average.
The cost of living index in Laurel is 1.2x higher than the national average.
Laurel ranks as the #363 cheapest in Florida out of 459.
Laurel ranks as the #4,476 cheapest out of 6,489 in the US.
The median home value in Laurel is $522,323.
The median income in Laurel is $89,282.
Table Of Contents
Laurel's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Laurel, FL?
According to the most recent data on the cost of living, Laurel has an overall cost of living index of 121, which is 1.2x higher than the national index of 100.
Compared to Florida, Laurel has a cost of living index that's 1.2x higher than Florida's index of 97.
The standard of living in Laurel ranks as #363 most affordable out of the 459 places we measured in Florida. By definition, that implies Laurel ranks as the #96 most expensive place in the Sunshine State.
For more reading on life in Laurel, check out:
In Florida
In America
Laurel Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Laurel. Here is how it fairs on each of the criteria:
The Services index in Laurel is 99.
The Groceries index in Laurel is 103.
The Health index in Laurel is 104.
The Housing index in Laurel is 173.
The Transportation index in Laurel is 95.
The Utilities index in Laurel is 99.
| Living Expense | Laurel | Florida | National Average | |
|---|---|---|---|---|
| Overall | 121 | 97 | 100 | |
| Services | 99 | 96 | 100 | |
| Groceries | 103 | 99 | 100 | |
| Health | 104 | 98 | 100 | |
| Housing | 173 | 96 | 100 | |
| Transportation | 95 | 97 | 100 | |
| Utilities | 99 | 95 | 100 | |
Laurel, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Laurel is $522,323.
The Median Rent in Laurel is $1,411.
The Median Income in Laurel is $89,282.
The Home Value To Income in Laurel is 5.9x.
The Rent To Monthly Income in Laurel is 0.19x.
Median Home Value
Median Rent
Median Income
Laurel, FL Costs By Category
Detailed Laurel Services Costs Vs. Florida
Detailed Laurel Groceries Costs Vs. Florida
Detailed Laurel Health Costs Vs. Florida
Detailed Laurel Transportation Costs Vs. Florida
Detailed Laurel Utilities Costs Vs. Florida
Laurel SnackAbility
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Cost Of Living In Cities Around Laurel
The cost of living varies in the cities and towns around Laurel. Here's a quick look at the cost of living in the most populous nearby places:
North Port, FL has a cost of living index of 105, 0.9x Laurel.
Sarasota, FL has a cost of living index of 115, 1.0x Laurel.
Venice, FL has a cost of living index of 114, 0.9x Laurel.
| City | Population | Cost Of Living | Vs. Laurel |
|---|---|---|---|
| North Port, FL | 80,512 | 105 | 0.9x |
| Sarasota, FL | 56,218 | 115 | 1.0x |
| Venice, FL | 26,467 | 114 | 0.9x |
| Englewood, FL | 19,385 | 104 | 0.9x |
| South Venice, FL | 17,399 | 107 | 0.9x |
| Fruitville, FL | 15,828 | 118 | 1.0x |
| Sarasota Springs, FL | 12,669 | 110 | 0.9x |
| Bee Ridge, FL | 9,921 | 110 | 0.9x |
| Grove, OK | 7,101 | 92 | 0.8x |
| Osprey, FL | 5,790 | 157 | 1.3x |
