Cost of Living: Franklin, IN vs Laurel, MD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Franklin | Laurel |
|---|---|---|
| Housing Index | 85.0 | 120.0 |
| Median Home Price | $245,000 | $414,000 |
| Average Rent (2 BR Apartment) | $1200 | $2200 |
| Average Rent (2 BR House) | $1272 | $2240 |
Housing Comparison: Franklin vs Laurel
- The median home price in Laurel is higher at $414,000, compared to $245,000 in Franklin.
- In Laurel, the rental for a two-bedroom apartment stands at $2,200, while it is $1,200 in Franklin.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Franklin | Laurel |
|---|---|---|
| Electricity Price | $14.89 | $17.41 |
| Natural Gas Price | $Data is updating | $18.44 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Franklin vs Laurel
- Laurel has higher electricity costs at $17.41 per kWh, versus $14.89 in Franklin.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Franklin and Laurel averaging $250.