Cost of Living: Laurel, MD vs Avenel, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Laurel | Avenel |
|---|---|---|
| Housing Index | 120.0 | Data is updating |
| Median Home Price | $414,000 | $360,000 |
| Average Rent (2 BR Apartment) | $2200 | $Data is updating |
| Average Rent (2 BR House) | $2240 | $Data is updating |
Housing Comparison: Laurel vs Avenel
- In Laurel, the median home price is higher at $414,000, while in Avenel it is $360,000.
- The rent for a two-bedroom apartment is equal in both Laurel and Avenel 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 | Laurel | Avenel |
|---|---|---|
| Electricity Price | $17.41 | $19.88 |
| Natural Gas Price | $18.44 | $14.01 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Laurel vs Avenel
- Avenel 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 $14.01 in Avenel.
- Utility expenses are equal in both Laurel and Avenel averaging $250.