Cost of Living in Laurel, IN
Housing
The housing market plays a significant role in determining the cost of living in Laurel, IN.
- Housing Index: Data is updating
- Median Home Price is: $117,800
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering your data for Laurel, IN, the housing situation reflects a median home price of 117800, indicating affordability in comparison to many urban areas. However, the housing index is currently listed as 0.0, which suggests potential concerns regarding both rental markets and the overall development within the locality. With zero reported average rents for a 2-bedroom apartment and house, this could imply either a lack of inventory or data reporting challenges. It’s essential to further investigate housing dynamics, amenities, and future local economic trends before making a relocation decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Laurel, IN.
- Electricity Price: $14.89 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Laurel, IN could entail higher utility costs. Electricity costs sit at $14.89, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Laurel is a financially viable option for your relocation.