Cost of Living: Laurel, MS vs Boaz, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Laurel | Boaz |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $142,000 | $189,000 |
| Average Rent (2 BR Apartment) | $1200 | $950 |
| Average Rent (2 BR House) | $1360 | $1200 |
Housing Comparison: Laurel vs Boaz
- The median home price in Boaz is higher at $189,000, compared to $142,000 in Laurel.
- In Boaz, the rental for a two-bedroom apartment stands at $950, while it is $1,200 in Laurel.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Laurel | Boaz |
|---|---|---|
| Electricity Price | $13.42 | $15.03 |
| Natural Gas Price | $22.19 | $21.76 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Laurel vs Boaz
- Boaz has higher electricity costs at $15.03 per kWh, versus $13.42 in Laurel.
- Natural gas is more expensive in Laurel at $22.19 per unit, while it is cheaper at $21.76 in Boaz.
- Utility expenses are equal in both Laurel and Boaz averaging $200.