Cost of Living: Laurel, MT vs Belvidere, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Laurel | Belvidere |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $299,000 | $212,000 |
| Average Rent (2 BR Apartment) | $960 | $1200 |
| Average Rent (2 BR House) | $1024 | $1235 |
Housing Comparison: Laurel vs Belvidere
- In Laurel, the median home price is higher at $299,000, while in Belvidere it is $212,000.
- Renting a two-bedroom apartment costs more in Laurel at $960 than in Belvidere 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 | Belvidere |
|---|---|---|
| Electricity Price | $13.58 | $16.15 |
| Natural Gas Price | $8.31 | $16.59 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Laurel vs Belvidere
- Belvidere has higher electricity costs at $16.15 per kWh, versus $13.58 in Laurel.
- Natural gas is more expensive in Laurel at $8.31 per unit, while it is cheaper at $16.59 in Belvidere.
- Utility expenses are equal in both Laurel and Belvidere averaging $200.