Cost of Living: Gadsden, AL vs Laurel, MD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Gadsden | Laurel |
|---|---|---|
| Housing Index | 85.0 | 120.0 |
| Median Home Price | $211,000 | $414,000 |
| Average Rent (2 BR Apartment) | $950 | $2200 |
| Average Rent (2 BR House) | $960 | $2240 |
Housing Comparison: Gadsden vs Laurel
- The median home price in Laurel is higher at $414,000, compared to $211,000 in Gadsden.
- Renting a two-bedroom apartment costs more in Gadsden at $950 than in Laurel at $2,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Gadsden | Laurel |
|---|---|---|
| Electricity Price | $15.03 | $17.41 |
| Natural Gas Price | $21.76 | $18.44 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Gadsden vs Laurel
- Laurel has higher electricity costs at $17.41 per kWh, versus $15.03 in Gadsden.
- Natural gas is more expensive in Gadsden at $21.76 per unit, while it is cheaper at $18.44 in Laurel.
- Laurel has higher utility expenses, averaging $250, while Gadsden averages $200.