Cost of Living: Laurel, MS vs Plano, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Laurel | Plano |
|---|---|---|
| Housing Index | 85.0 | 110.5 |
| Median Home Price | $142,000 | $454,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1360 | $1925 |
Housing Comparison: Laurel vs Plano
- The median home price in Plano is higher at $454,000, compared to $142,000 in Laurel.
- In Plano, the rental for a two-bedroom apartment stands at $1,800, 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 | Plano |
|---|---|---|
| Electricity Price | $13.42 | $14.47 |
| Natural Gas Price | $22.19 | $26.29 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Laurel vs Plano
- Plano has higher electricity costs at $14.47 per kWh, versus $13.42 in Laurel.
- Plano experiences higher natural gas costs at $26.29 per unit, with costs at $22.19 in Laurel.
- Plano has higher utility expenses, averaging $250, while Laurel averages $200.