Cost of Living: Laurel, MS vs Denver, CO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Laurel | Denver |
|---|---|---|
| Housing Index | 85.0 | 115.0 |
| Median Home Price | $142,000 | $631,000 |
| Average Rent (2 BR Apartment) | $1200 | $2400 |
| Average Rent (2 BR House) | $1360 | $2480 |
Housing Comparison: Laurel vs Denver
- The median home price in Denver is higher at $631,000, compared to $142,000 in Laurel.
- In Denver, the rental for a two-bedroom apartment stands at $2,400, while it is $1,200 in Laurel.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Laurel | Denver |
|---|---|---|
| Electricity Price | $13.42 | $15.21 |
| Natural Gas Price | $22.19 | $11.3 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Laurel vs Denver
- Denver has higher electricity costs at $15.21 per kWh, versus $13.42 in Laurel.
- Natural gas is more expensive in Laurel at $22.19 per unit, while it is cheaper at $11.3 in Denver.
- Denver has higher utility expenses, averaging $250, while Laurel averages $200.