Cost of Living: Laurel, MD vs Ann arbor, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Laurel | Ann arbor |
|---|---|---|
| Housing Index | 120.0 | 115.0 |
| Median Home Price | $414,000 | $303,000 |
| Average Rent (2 BR Apartment) | $2200 | $1800 |
| Average Rent (2 BR House) | $2240 | $1900 |
Housing Comparison: Laurel vs Ann arbor
- In Laurel, the median home price is higher at $414,000, while in Ann arbor it is $303,000.
- Renting a two-bedroom apartment costs more in Laurel at $2,200 than in Ann arbor at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Laurel | Ann arbor |
|---|---|---|
| Electricity Price | $17.41 | $19.88 |
| Natural Gas Price | $18.44 | $15.42 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Laurel vs Ann arbor
- Ann arbor has higher electricity costs at $19.88 per kWh, versus $17.41 in Laurel.
- Natural gas is more expensive in Laurel at $18.44 per unit, while it is cheaper at $15.42 in Ann arbor.
- Utility expenses are equal in both Laurel and Ann arbor averaging $250.