Cost of Living: Laurel, MD vs Akron, OH
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Laurel | Akron |
|---|---|---|
| Housing Index | 120.0 | 90.0 |
| Median Home Price | $414,000 | $147,000 |
| Average Rent (2 BR Apartment) | $2200 | $1050 |
| Average Rent (2 BR House) | $2240 | $1100 |
Housing Comparison: Laurel vs Akron
- In Laurel, the median home price is higher at $414,000, while in Akron it is $147,000.
- Renting a two-bedroom apartment costs more in Laurel at $2,200 than in Akron at $1,050.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Laurel | Akron |
|---|---|---|
| Electricity Price | $17.41 | $15.92 |
| Natural Gas Price | $18.44 | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Laurel vs Akron
- Electricity costs are higher in Laurel at $17.41 per kWh, compared to $15.92 in Akron.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Laurel and Akron averaging $250.