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.