Cost of Living: Richton, MS vs Laurel, MD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richton | Laurel |
|---|---|---|
| Housing Index | Data is updating | 120.0 |
| Median Home Price | $150,000 | $414,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $2200 |
| Average Rent (2 BR House) | $Data is updating | $2240 |
Housing Comparison: Richton vs Laurel
- The median home price in Laurel is higher at $414,000, compared to $150,000 in Richton.
- The rent for a two-bedroom apartment is equal in both Richton and Laurel at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Richton | Laurel |
|---|---|---|
| Electricity Price | $13.42 | $17.41 |
| Natural Gas Price | $22.19 | $18.44 |
| Other Utilities | $Data is updating | $250 |
Utilities Comparison: Richton vs Laurel
- Laurel has higher electricity costs at $17.41 per kWh, versus $13.42 in Richton.
- Natural gas is more expensive in Richton at $22.19 per unit, while it is cheaper at $18.44 in Laurel.
- Utility expenses are equal in both Richton and Laurel averaging $0.0.