Cost of Living: Laurel, MD vs Libertyville, IL

Housing

The housing market plays a significant role in determining the cost of living.

Metric Laurel Libertyville
Housing Index 120.0 Data is updating
Median Home Price $414,000 $491,000
Average Rent (2 BR Apartment) $2200 $Data is updating
Average Rent (2 BR House) $2240 $Data is updating

Housing Comparison: Laurel vs Libertyville

  • The median home price in Libertyville is higher at $491,000, compared to $414,000 in Laurel.
  • The rent for a two-bedroom apartment is equal in both Laurel and Libertyville 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 Libertyville
Electricity Price $17.41 $16.15
Natural Gas Price $18.44 $16.59
Other Utilities $250 $Data is updating

Utilities Comparison: Laurel vs Libertyville

  • Electricity costs are higher in Laurel at $17.41 per kWh, compared to $16.15 in Libertyville.
  • Natural gas is more expensive in Laurel at $18.44 per unit, while it is cheaper at $16.59 in Libertyville.
  • Utility expenses are equal in both Laurel and Libertyville averaging $250.