Cost of Living: Laurel, MD vs Merrill, WI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Laurel | Merrill |
|---|---|---|
| Housing Index | 120.0 | Data is updating |
| Median Home Price | $414,000 | $200,000 |
| Average Rent (2 BR Apartment) | $2200 | $Data is updating |
| Average Rent (2 BR House) | $2240 | $Data is updating |
Housing Comparison: Laurel vs Merrill
- In Laurel, the median home price is higher at $414,000, while in Merrill it is $200,000.
- The rent for a two-bedroom apartment is equal in both Laurel and Merrill 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 | Merrill |
|---|---|---|
| Electricity Price | $17.41 | $17.6 |
| Natural Gas Price | $18.44 | $11.5 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Laurel vs Merrill
- Merrill has higher electricity costs at $17.6 per kWh, versus $17.41 in Laurel.
- Natural gas is more expensive in Laurel at $18.44 per unit, while it is cheaper at $11.5 in Merrill.
- Utility expenses are equal in both Laurel and Merrill averaging $250.