According to the most recent data on the cost of living, Laurel has an overall cost of living index of 122 which is 1.2x higher than the national index of 100.
Compared to only Maryland, Laurel has a cost of living index that's 1.0x higher than Maryland's index of 120.
The standard of living in Laurel ranks as #4,907 most affordable out of the 6,418 places we measured in Maryland. By definition, that implies Laurel ranks as the #1,511 most expensive place in the Old Line State.
|Living Expense||Laurel||Maryland||National Average|
Housing swings affordability the most between places in Maryland, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
|Median Home Value||$281,500||$325,400||$229,800|
|Home Value To Income||3.5x||3.7x||3.5x|
|Rent To Monthly Income||0.24x||0.2x||0.2x|
|City||Population||Cost Of Living||Vs. Laurel|
|South Laurel, MD||27,593||130||1.1x|
|North Laurel, MD||24,856||129||1.1x|
|Kemp Mill, MD||14,812||141||1.2x|
|Chevy Chase, MD||9,801||204||1.7x|