Cost of Living: Laurel, MD vs Corinth, MS
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Laurel | Corinth |
|---|---|---|
| Housing Index | 120.0 | 75.0 |
| Median Home Price | $414,000 | $162,500 |
| Average Rent (2 BR Apartment) | $2200 | $800 |
| Average Rent (2 BR House) | $2240 | $1000 |
Housing Comparison: Laurel vs Corinth
- In Laurel, the median home price is higher at $414,000, while in Corinth it is $162,500.
- In Corinth, the rental for a two-bedroom apartment stands at $800, while it is $2,200 in Laurel.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Laurel | Corinth |
|---|---|---|
| Electricity Price | $17.41 | $13.42 |
| Natural Gas Price | $18.44 | $22.19 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Laurel vs Corinth
- Electricity costs are higher in Laurel at $17.41 per kWh, compared to $13.42 in Corinth.
- Corinth experiences higher natural gas costs at $22.19 per unit, with costs at $18.44 in Laurel.
- Other utility costs are higher in Laurel at an average of $250, compared to Corinth with $200.