North Laurel, MD Cost Of Living
Cost Of Living In North Laurel, MD Summary
Cost of living in North 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 North 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 Maryland, 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 North Laurel is 129, with 100 being the average.
The cost of living index in North Laurel is 1.3x higher than the national average.
North Laurel ranks as the #126 cheapest in Maryland out of 188.
North Laurel ranks as the #5,222 cheapest out of 6,412 in the US.
The median home value in North Laurel is $379,600.
The median income in North Laurel is $111,401.
Table Of Contents
North Laurel's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in North Laurel, MD?
According to the most recent data on the cost of living, North Laurel has an overall cost of living index of 129, which is 1.3x higher than the national index of 100.
Compared to Maryland, North Laurel has a cost of living index that's 1.1x higher than Maryland's index of 120.
The standard of living in North Laurel ranks as #126 most affordable out of the 188 places we measured in Maryland. By definition, that implies North Laurel ranks as the #62 most expensive place in the Old Line State.
For more reading on life in North Laurel, check out:
- Living In North Laurel
- Search Homes For Sale In North Laurel, MD
In Maryland
In America
North Laurel Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in North Laurel. Here is how it fairs on each of the criteria:
The Services index in North Laurel is 105.
The Groceries index in North Laurel is 111.
The Health index in North Laurel is 82.
The Housing index in North Laurel is 179.
The Transportation index in North Laurel is 102.
The Utilities index in North Laurel is 105.
| Living Expense | North Laurel | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 129 | 120 | 100 | |
| Services | 105 | 109 | 100 | |
| Groceries | 111 | 108 | 100 | |
| Health | 82 | 92 | 100 | |
| Housing | 179 | 156 | 100 | |
| Transportation | 102 | 100 | 100 | |
| Utilities | 105 | 108 | 100 | |
North Laurel, MD Housing Cost Breakdown
Housing swings affordability the most between places in Maryland, 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 North Laurel is $379,600.
The Median Rent in North Laurel is $1,772.
The Median Income in North Laurel is $111,401.
The Home Value To Income in North Laurel is 3.4x.
The Rent To Monthly Income in North Laurel is 0.19x.
| Statistic | North Laurel | Maryland | United States |
|---|---|---|---|
| Median Home Value | $379,600 | $338,500 | $244,900 |
| Median Rent | $1,772 | $1,485 | $1,163 |
| Median Income | $111,401 | $91,431 | $69,021 |
| Home Value To Income | 3.4x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
North Laurel, MD Costs By Category
Detailed North Laurel Services Costs Vs. Maryland
| Item | North Laurel | Maryland |
|---|---|---|
| Shampoo | $1.0 | $1.06 |
| Movie | $13.19 | $10.68 |
| Bowling | $17.08 | $14.67 |
| Haircut | $22.28 | $18.62 |
| Beauty Salon | $52.83 | $39.05 |
Detailed North Laurel Groceries Costs Vs. Maryland
| Item | North Laurel | Maryland |
|---|---|---|
| Ground Beef | $4.27 | $4.22 |
| Fried Chicken | $1.66 | $1.39 |
| Milk | $2.39 | $2.05 |
| Potatoes | $4.1 | $3.29 |
| Pizza | $11.99 | $10.62 |
| Beer | $9.19 | $9.38 |
| Toothpaste | $4.47 | $2.34 |
Detailed North Laurel Health Costs Vs. Maryland
| Item | North Laurel | Maryland |
|---|---|---|
| Optometrist | $82.95 | $108.57 |
| Doctor | $93.69 | $116.17 |
| Dentist | $84.98 | $99.13 |
Detailed North Laurel Transportation Costs Vs. Maryland
| Item | North Laurel | Maryland |
|---|---|---|
| Gasoline | $2.15 | $2.22 |
| Tire Balancing | $54.77 | $50.07 |
Detailed North Laurel Utilities Costs Vs. Maryland
| Item | North Laurel | Maryland |
|---|---|---|
| All Electricity | $176.72 | $167.67 |
| Phone | $192.13 | $175.64 |
North Laurel SnackAbility
/10
Cost Of Living In Cities Around North Laurel
The cost of living varies in the cities and towns around North Laurel. Here's a quick look at the cost of living in the most populous nearby places:
Olney, MD has a cost of living index of 150, 1.2x North Laurel.
Laurel, MD has a cost of living index of 122, 0.9x North Laurel.
South Laurel, MD has a cost of living index of 130, 1.0x North Laurel.
| City | Population | Cost Of Living | Vs. North Laurel |
|---|---|---|---|
| Olney, MD | 35,815 | 150 | 1.2x |
| Laurel, MD | 29,438 | 122 | 0.9x |
| South Laurel, MD | 27,998 | 130 | 1.0x |
| Ilchester, MD | 27,513 | 133 | 1.0x |
| Kemp Mill, MD | 14,509 | 141 | 1.1x |
| Colesville, MD | 14,468 | 140 | 1.1x |
| Scaggsville, MD | 10,658 | 156 | 1.2x |
| Jessup, MD | 10,516 | 123 | 1.0x |
| Burtonsville, MD | 10,457 | 136 | 1.1x |
| Chevy Chase, MD | 9,889 | 204 | 1.6x |
