Cost of Living: Reno, NV vs Laurel, MS
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Reno | Laurel |
|---|---|---|
| Housing Index | 120.0 | 85.0 |
| Median Home Price | $458,000 | $142,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $1900 | $1360 |
Housing Comparison: Reno vs Laurel
- In Reno, the median home price is higher at $458,000, while in Laurel it is $142,000.
- Renting a two-bedroom apartment costs more in Reno at $1,800 than in Laurel 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 | Reno | Laurel |
|---|---|---|
| Electricity Price | $15.5 | $13.42 |
| Natural Gas Price | $20.66 | $22.19 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Reno vs Laurel
- Electricity costs are higher in Reno at $15.5 per kWh, compared to $13.42 in Laurel.
- Laurel experiences higher natural gas costs at $22.19 per unit, with costs at $20.66 in Reno.
- Other utility costs are higher in Reno at an average of $250, compared to Laurel with $200.