Cost of Living: Laurel, MT vs Dearborn, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Laurel | Dearborn |
|---|---|---|
| Housing Index | 85.0 | 110.0 |
| Median Home Price | $299,000 | $205,000 |
| Average Rent (2 BR Apartment) | $960 | $1200 |
| Average Rent (2 BR House) | $1024 | $1280 |
Housing Comparison: Laurel vs Dearborn
- In Laurel, the median home price is higher at $299,000, while in Dearborn it is $205,000.
- Renting a two-bedroom apartment costs more in Laurel at $960 than in Dearborn at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Laurel | Dearborn |
|---|---|---|
| Electricity Price | $13.58 | $19.88 |
| Natural Gas Price | $8.31 | $15.42 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Laurel vs Dearborn
- Dearborn has higher electricity costs at $19.88 per kWh, versus $13.58 in Laurel.
- Natural gas is more expensive in Laurel at $8.31 per unit, while it is cheaper at $15.42 in Dearborn.
- Dearborn has higher utility expenses, averaging $250, while Laurel averages $200.