Laurel, MD Cost of Living Calculator

Make informed decisions about your career move to Laurel, Maryland

Strategic location between Washington D.C. & Baltimore

Personal Information

Housing

Average Rent: 1BR: $1,566 | 2BR: $1,760 | 3BR: $2,966
Median Home Price: $547,550

Transportation

Gas: $3.22/gallon | MARC Train: ~$7 one-way to DC/Baltimore
Car Insurance: ~$1,533/year average

Lifestyle Preferences

Monthly Cost Breakdown

Your estimated costs

Detailed Monthly Expenses

Housing $1,566
Utilities $200
Transportation $350
Groceries $250
Healthcare $400
Entertainment $200
Dining Out $150
Other $250
Total Monthly Cost: $3,366
Total Annual Cost: $40,392

Affordability Analysis

Monthly Income $6,250
Monthly Expenses $3,366
Monthly Surplus/Deficit +$2,884
54% of income goes to living expenses

Cost Comparison

+25%
vs National Average
$94,063
Median Household Income

Laurel's cost of living is approximately 25% higher than the national average, primarily due to housing costs. However, the median household income of $94,063 helps offset these higher costs.

Excellent Transit
MARC train provides easy access to DC and Baltimore
Good Income
Median household income of $94,063 above national average
Rich History
Historic Main Street with modern amenities
Quality Healthcare
Healthcare costs 7.6% lower than national average

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