Cost of Living: Fayetteville, NC vs Laurel, MD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Fayetteville | Laurel |
|---|---|---|
| Housing Index | 90.0 | 120.0 |
| Median Home Price | $264,000 | $414,000 |
| Average Rent (2 BR Apartment) | $1200 | $2200 |
| Average Rent (2 BR House) | $1280 | $2240 |
Housing Comparison: Fayetteville vs Laurel
- The median home price in Laurel is higher at $414,000, compared to $264,000 in Fayetteville.
- In Laurel, the rental for a two-bedroom apartment stands at $2,200, while it is $1,200 in Fayetteville.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Fayetteville | Laurel |
|---|---|---|
| Electricity Price | $13.72 | $17.41 |
| Natural Gas Price | $Data is updating | $18.44 |
| Other Utilities | $150 | $250 |
Utilities Comparison: Fayetteville vs Laurel
- Laurel has higher electricity costs at $17.41 per kWh, versus $13.72 in Fayetteville.
- Natural gas price data is currently unavailable.
- Laurel has higher utility expenses, averaging $250, while Fayetteville averages $150.