Cost of Living: Pella, IA vs Laurel, MT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Pella | Laurel |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $304,000 | $299,000 |
| Average Rent (2 BR Apartment) | $1200 | $960 |
| Average Rent (2 BR House) | $1250 | $1024 |
Housing Comparison: Pella vs Laurel
- In Pella, the median home price is higher at $304,000, while in Laurel it is $299,000.
- In Laurel, the rental for a two-bedroom apartment stands at $960, while it is $1,200 in Pella.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Pella | Laurel |
|---|---|---|
| Electricity Price | $14.82 | $13.58 |
| Natural Gas Price | $15.61 | $8.31 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Pella vs Laurel
- Electricity costs are higher in Pella at $14.82 per kWh, compared to $13.58 in Laurel.
- Laurel experiences higher natural gas costs at $8.31 per unit, with costs at $15.61 in Pella.
- Utility expenses are equal in both Pella and Laurel averaging $200.