Cost of Living: Laurel, MD vs Rockwood, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Laurel | Rockwood |
|---|---|---|
| Housing Index | 120.0 | 85.0 |
| Median Home Price | $414,000 | $190,000 |
| Average Rent (2 BR Apartment) | $2200 | $1200 |
| Average Rent (2 BR House) | $2240 | $1040 |
Housing Comparison: Laurel vs Rockwood
- In Laurel, the median home price is higher at $414,000, while in Rockwood it is $190,000.
- Renting a two-bedroom apartment costs more in Laurel at $2,200 than in Rockwood at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Laurel | Rockwood |
|---|---|---|
| Electricity Price | $17.41 | $12.57 |
| Natural Gas Price | $18.44 | $12.35 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Laurel vs Rockwood
- Electricity costs are higher in Laurel at $17.41 per kWh, compared to $12.57 in Rockwood.
- Natural gas is more expensive in Laurel at $18.44 per unit, while it is cheaper at $12.35 in Rockwood.
- Other utility costs are higher in Laurel at an average of $250, compared to Rockwood with $200.