Cost of Living: Bellwood, IL vs Laurel, MD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Bellwood | Laurel |
|---|---|---|
| Housing Index | 105.0 | 120.0 |
| Median Home Price | $232,000 | $414,000 |
| Average Rent (2 BR Apartment) | $1800 | $2200 |
| Average Rent (2 BR House) | $1840 | $2240 |
Housing Comparison: Bellwood vs Laurel
- The median home price in Laurel is higher at $414,000, compared to $232,000 in Bellwood.
- In Laurel, the rental for a two-bedroom apartment stands at $2,200, while it is $1,800 in Bellwood.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Bellwood | Laurel |
|---|---|---|
| Electricity Price | $16.15 | $17.41 |
| Natural Gas Price | $16.59 | $18.44 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Bellwood vs Laurel
- Laurel has higher electricity costs at $17.41 per kWh, versus $16.15 in Bellwood.
- Laurel experiences higher natural gas costs at $18.44 per unit, with costs at $16.59 in Bellwood.
- Utility expenses are equal in both Bellwood and Laurel averaging $250.