Cost of Living: Laurel, MD vs Portland, OR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Laurel | Portland |
|---|---|---|
| Housing Index | 120.0 | 120.0 |
| Median Home Price | $414,000 | $494,000 |
| Average Rent (2 BR Apartment) | $2200 | $2200 |
| Average Rent (2 BR House) | $2240 | $2240 |
Housing Comparison: Laurel vs Portland
- The median home price in Portland is higher at $494,000, compared to $414,000 in Laurel.
- The rent for a two-bedroom apartment is equal in both Laurel and Portland 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 | Portland |
|---|---|---|
| Electricity Price | $17.41 | $15.12 |
| Natural Gas Price | $18.44 | $16.5 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Laurel vs Portland
- Electricity costs are higher in Laurel at $17.41 per kWh, compared to $15.12 in Portland.
- Natural gas is more expensive in Laurel at $18.44 per unit, while it is cheaper at $16.5 in Portland.
- Utility expenses are equal in both Laurel and Portland averaging $250.