Cost of Living in Laurel, NY
Housing
The housing market plays a significant role in determining the cost of living in Laurel, NY.
- Housing Index: Data is updating
- Median Home Price is: $685,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Based on the data for Laurel, NY, we see that the median home price is quite high at 685000, which may indicate a strong demand for real estate. However, the housing index at 0.0 suggests either potential market volatility or recent listing changes, and both average rents for a 2-bedroom apartment and house are currently listed as zero. This could indicate a challenging rental market or a lack of available rentals. Prospective buyers or renters may want to exercise caution and conduct further research, especially regarding local job market trends and demographics that influence real estate options.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Laurel, NY.
- Electricity Price: $26.08 USD (median by state)
- Natural Gas Price: $18.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Laurel, NY could entail higher utility costs. Electricity costs sit at $26.08, while natural gas is priced at $18.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Laurel is a financially viable option for your relocation.