Cost of Living: Laurel, MD vs Woodstock, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Laurel | Woodstock |
|---|---|---|
| Housing Index | 120.0 | 85.0 |
| Median Home Price | $414,000 | $265,000 |
| Average Rent (2 BR Apartment) | $2200 | $1300 |
| Average Rent (2 BR House) | $2240 | $1365 |
Housing Comparison: Laurel vs Woodstock
- In Laurel, the median home price is higher at $414,000, while in Woodstock it is $265,000.
- Renting a two-bedroom apartment costs more in Laurel at $2,200 than in Woodstock at $1,300.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Laurel | Woodstock |
|---|---|---|
| Electricity Price | $17.41 | $16.15 |
| Natural Gas Price | $18.44 | $16.59 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Laurel vs Woodstock
- Electricity costs are higher in Laurel at $17.41 per kWh, compared to $16.15 in Woodstock.
- Natural gas is more expensive in Laurel at $18.44 per unit, while it is cheaper at $16.59 in Woodstock.
- Utility expenses are equal in both Laurel and Woodstock averaging $250.