South Laurel, MD Cost Of Living
Cost Of Living In South Laurel, MD Summary
Cost of living in South 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 South 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 South Laurel is 134, with 100 being the average.
The cost of living index in South Laurel is 1.3x higher than the national average.
South Laurel ranks as the #130 cheapest in Maryland out of 194.
South Laurel ranks as the #5,171 cheapest out of 6,489 in the US.
The median home value in South Laurel is $476,445.
The median income in South Laurel is $90,715.
Table Of Contents
South Laurel's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in South Laurel, MD?
According to the most recent data on the cost of living, South Laurel has an overall cost of living index of 134, which is 1.3x higher than the national index of 100.
Compared to Maryland, South Laurel has a cost of living index that's 1.1x higher than Maryland's index of 121.
The standard of living in South Laurel ranks as #130 most affordable out of the 194 places we measured in Maryland. By definition, that implies South Laurel ranks as the #64 most expensive place in the Old Line State.
For more reading on life in South Laurel, check out:
In Maryland
In America
South Laurel Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in South Laurel. Here is how it fairs on each of the criteria:
The Services index in South Laurel is 117.
The Groceries index in South Laurel is 105.
The Health index in South Laurel is 111.
The Housing index in South Laurel is 180.
The Transportation index in South Laurel is 107.
The Utilities index in South Laurel is 113.
| Living Expense | South Laurel | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 134 | 121 | 100 | |
| Services | 117 | 105 | 100 | |
| Groceries | 105 | 107 | 100 | |
| Health | 111 | 96 | 100 | |
| Housing | 180 | 150 | 100 | |
| Transportation | 107 | 99 | 100 | |
| Utilities | 113 | 113 | 100 | |
South 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 2019-2023. The key points are:
The Median Home Value in South Laurel is $476,445.
The Median Rent in South Laurel is $1,795.
The Median Income in South Laurel is $90,715.
The Home Value To Income in South Laurel is 5.3x.
The Rent To Monthly Income in South Laurel is 0.24x.
| Statistic | South Laurel | Maryland | United States |
|---|---|---|---|
| Median Home Value | $476,445 | $427,628 | $303,400 |
| Median Rent | $1,795 | $1,662 | $1,348 |
| Median Income | $90,715 | $101,652 | $78,538 |
| Home Value To Income | 5.3x | 4.2x | 3.9x |
| Rent To Monthly Income | 0.24x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
South Laurel, MD Costs By Category
Detailed South Laurel Services Costs Vs. Maryland
| Item | South Laurel | Maryland |
|---|---|---|
| Shampoo | $1.63 | $1.28 |
| Movie | $15.72 | $12.13 |
| Bowling | $24.56 | $18 |
| Haircut | $41.31 | $24.26 |
| Beauty Salon | $73.33 | $45.56 |
Detailed South Laurel Groceries Costs Vs. Maryland
| Item | South Laurel | Maryland |
|---|---|---|
| Ground Beef | $5.72 | $5.84 |
| Fried Chicken | $1.31 | $1.57 |
| Milk | $4.83 | $4.67 |
| Potatoes | $5.15 | $4.93 |
| Pizza | $12.83 | $12.09 |
| Beer | $11.41 | $10.41 |
| Toothpaste | $3.7 | $3.7 |
Detailed South Laurel Health Costs Vs. Maryland
| Item | South Laurel | Maryland |
|---|---|---|
| Optometrist | $112.83 | $125.68 |
| Doctor | $156.21 | $135.78 |
| Dentist | $135.09 | $113.29 |
Detailed South Laurel Transportation Costs Vs. Maryland
| Item | South Laurel | Maryland |
|---|---|---|
| Gasoline | $3.37 | $3.46 |
| Tire Balancing | $75.27 | $59.92 |
Detailed South Laurel Utilities Costs Vs. Maryland
| Item | South Laurel | Maryland |
|---|---|---|
| All Electricity | $227.7 | $193.99 |
| Phone | $190.71 | $192.25 |
South Laurel SnackAbility
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Cost Of Living In Cities Around South Laurel
The cost of living varies in the cities and towns around South 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 153, 1.1x South Laurel.
Laurel, MD has a cost of living index of 126, 0.9x South Laurel.
Ilchester, MD has a cost of living index of 136, 1.0x South Laurel.
| City | Population | Cost Of Living | Vs. South Laurel |
|---|---|---|---|
| Olney, MD | 36,000 | 153 | 1.1x |
| Laurel, MD | 29,594 | 126 | 0.9x |
| Ilchester, MD | 27,552 | 136 | 1.0x |
| North Laurel, MD | 25,201 | 132 | 1.0x |
| Greenbelt, MD | 24,572 | 120 | 0.9x |
| Beltsville, MD | 19,086 | 130 | 1.0x |
| Seabrook, MD | 18,495 | 129 | 1.0x |
| Calverton, MD | 17,721 | 132 | 1.0x |
| Kemp Mill, MD | 14,437 | 145 | 1.1x |
| Colesville, MD | 14,075 | 140 | 1.0x |
