Cost of Living in Laurel, MT

Housing

The housing market plays a significant role in determining the cost of living in Laurel, MT.

• Housing Index: 85.0 / 100
• Median Home Price is: $299000
• Average Rent (2 BR Apartment): $960 per month
• Average Rent (2 BR House): $1024 per month

When considering a move to Laurel, MT, the data suggests a balanced housing market with a housing index of 85.0. The median home price of 299000 is quite reasonable, particularly for those looking to invest in property. With average rents averaging 960 for a 2-bedroom apartment and 1024 for a 2-bedroom house, the rental prices are also competitive, especially for families. It's essential to compare these figures with local income levels and employment opportunities to ensure the area fits your financial goals and lifestyle.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Laurel, MT.

• Electricity Price: 13.58 USD (median by state)
• Natural Gas Price: $8.31 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $200 per month

Living in Laurel, MT could entail higher utility costs. Electricity costs sit at 13.58, while natural gas is priced at 8.31 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 200 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 90.2

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $62250

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Laurel, MT, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.