Cost of Living: Laurel, MD vs Randolph, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Laurel | Randolph |
|---|---|---|
| Housing Index | 120.0 | Data is updating |
| Median Home Price | $414,000 | $179,000 |
| Average Rent (2 BR Apartment) | $2200 | $Data is updating |
| Average Rent (2 BR House) | $2240 | $Data is updating |
Housing Comparison: Laurel vs Randolph
- In Laurel, the median home price is higher at $414,000, while in Randolph it is $179,000.
- The rent for a two-bedroom apartment is equal in both Laurel and Randolph 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 | Randolph |
|---|---|---|
| Electricity Price | $17.41 | $15.03 |
| Natural Gas Price | $18.44 | $21.76 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Laurel vs Randolph
- Electricity costs are higher in Laurel at $17.41 per kWh, compared to $15.03 in Randolph.
- Randolph experiences higher natural gas costs at $21.76 per unit, with costs at $18.44 in Laurel.
- Utility expenses are equal in both Laurel and Randolph averaging $250.