Cost of Living: Siloam springs, AR vs Laurel, MT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Siloam springs | Laurel |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $245,000 | $299,000 |
| Average Rent (2 BR Apartment) | $800 | $960 |
| Average Rent (2 BR House) | $850 | $1024 |
Housing Comparison: Siloam springs vs Laurel
- The median home price in Laurel is higher at $299,000, compared to $245,000 in Siloam springs.
- In Laurel, the rental for a two-bedroom apartment stands at $960, while it is $800 in Siloam springs.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Siloam springs | Laurel |
|---|---|---|
| Electricity Price | $12.36 | $13.58 |
| Natural Gas Price | $17.08 | $8.31 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Siloam springs vs Laurel
- Laurel has higher electricity costs at $13.58 per kWh, versus $12.36 in Siloam springs.
- Laurel experiences higher natural gas costs at $8.31 per unit, with costs at $17.08 in Siloam springs.
- Utility expenses are equal in both Siloam springs and Laurel averaging $200.