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.