Cost of Living: Laurel, MS vs Greenbelt, MD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Laurel | Greenbelt |
|---|---|---|
| Housing Index | 85.0 | 115.0 |
| Median Home Price | $142,000 | $440,000 |
| Average Rent (2 BR Apartment) | $1200 | $2000 |
| Average Rent (2 BR House) | $1360 | $2060 |
Housing Comparison: Laurel vs Greenbelt
- The median home price in Greenbelt is higher at $440,000, compared to $142,000 in Laurel.
- In Greenbelt, the rental for a two-bedroom apartment stands at $2,000, 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 | Greenbelt |
|---|---|---|
| Electricity Price | $13.42 | $17.41 |
| Natural Gas Price | $22.19 | $18.44 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Laurel vs Greenbelt
- Greenbelt has higher electricity costs at $17.41 per kWh, versus $13.42 in Laurel.
- Natural gas is more expensive in Laurel at $22.19 per unit, while it is cheaper at $18.44 in Greenbelt.
- Greenbelt has higher utility expenses, averaging $250, while Laurel averages $200.