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 105, with 100 being the average.
The cost of living index in Laurel is 1.1x higher than the national average.
Laurel ranks as the #317 cheapest in Florida out of 459.
Laurel ranks as the #3,676 cheapest out of 6,412 in the US.
The median home value in Laurel is $338,200.
The median income in Laurel is $69,850.
According to the most recent data on the cost of living, Laurel has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to Florida, Laurel has a cost of living index that's 1.0x higher than Florida's index of 101.
The standard of living in Laurel ranks as #317 most affordable out of the 459 places we measured in Florida. By definition, that implies Laurel ranks as the #142 most expensive place in the Sunshine State.
For more reading on life in Laurel, check out:
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 101.
The Groceries index in Laurel is 110.
The Health index in Laurel is 104.
The Housing index in Laurel is 102.
The Transportation index in Laurel is 108.
The Utilities index in Laurel is 90.
|Living Expense||Laurel||Florida||National Average|
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 2017-2021. The key points are:
The Median Home Value in Laurel is $338,200.
The Median Rent in Laurel is $1,569.
The Median Income in Laurel is $69,850.
The Home Value To Income in Laurel is 4.8x.
The Rent To Monthly Income in Laurel is 0.27x.
|Median Home Value||$338,200||$248,700||$244,900|
|Home Value To Income||4.8x||4.0x||3.5x|
|Rent To Monthly Income||0.27x||0.25x||0.2x|
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 100, 1.0x Laurel.
Sarasota, FL has a cost of living index of 103, 1.0x Laurel.
Venice, FL has a cost of living index of 107, 1.0x Laurel.
|City||Population||Cost Of Living||Vs. Laurel|
|North Port, FL||74,131||100||1.0x|
|South Venice, FL||16,426||101||1.0x|
|Sarasota Springs, FL||12,366||101||1.0x|
|Bee Ridge, FL||9,921||110||1.0x|