What is the cost of living in Laurel, MT?
According to the most recent data on the cost of living, Laurel has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Montana, Laurel has a cost of living index that's 1.0x lower than Montana's index of 102.
The standard of living in Laurel ranks as #3 most affordable out of the 26 places we measured in Montana. By definition, that implies Laurel ranks as the #23 most expensive place in the Treasure State.
For more reading on life in Laurel, check out:
Laurel Cost Of Living Vs. Montana
Six factors go into calculating the cost of living index in Laurel. Here is how it fares on each of the criteria:
The Services index in Laurel is 103.
The Groceries index in Laurel is 101.
The Health index in Laurel is 93.
The Housing index in Laurel is 102.
The Transportation index in Laurel is 109.
The Utilities index in Laurel is 97.
| Living Expense | Laurel | Montana | National Average |
|---|---|---|---|
| Overall | 97 | 102 | 100 |
| Services | 103 | 104 | 100 |
| Groceries | 101 | 103 | 100 |
| Health | 93 | 101 | 100 |
| Housing | 102 | 99 | 100 |
| Transportation | 109 | 105 | 100 |
| Utilities | 97 | 100 | 100 |
Laurel Cost Of Living Compared To Montana Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Montana, check out:
Protect your home budget Compare home warranties in Laurel Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Laurel, MT Housing Cost Breakdown
Housing swings affordability the most between places in Montana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Laurel is $374,156.
The Median Rent in Laurel is $974.
The Median Income in Laurel is $68,474.
The Home Value To Income in Laurel is 5.5x.
The Rent To Monthly Income in Laurel is 0.17x.
Laurel, MT Costs By Category
Detailed Laurel Services costs vs. Montana
Detailed Laurel Groceries costs vs. Montana
Detailed Laurel Health costs vs. Montana
Detailed Laurel Transportation costs vs. Montana
Laurel SnackAbility
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:
Billings, MT has a cost of living index of 107, 1.1x Laurel.
Lockwood, MT has a cost of living index of 101, 1.0x Laurel.
| City | Population | Cost Of Living | Vs. Laurel |
|---|---|---|---|
| Billings, MT | 119,434 | 107 | 1.1x |
| Lockwood, MT | 7,181 | 101 | 1.0x |
