Laurel, DE, has a cost of living index that is slightly below the nationwide average. The overall cost of living index for Laurel is 91, which is 9% lower than the average of 100. This means that, on average, residents in Laurel can expect to spend less on most goods and services compared to the national average.
Specifically, housing costs in Laurel are 13% below the national average, while groceries are only 8% below. Utilities and healthcare costs are slightly above the national average, at 5% and 5% higher, respectively. Transportation and miscellaneous costs are also close to the national average, with differences of 10% and 12%, respectively. This data suggests that Laurel offers a more affordable living environment in some areas, making it an attractive option for budget-conscious individuals.
Laurel, DE, presents a cost of living that is slightly below the nationwide average. The cost of living index for the entire nation is set at 100, and Laurel's index stands at 90. This means that, on average, residents in Laurel can expect to spend about 10% less than the national average across various categories. The lower cost of living makes Laurel an attractive option for those looking to manage their expenses more effectively.
When examining specific categories, Laurel's housing index is 87, indicating that housing costs are 13% below the national average. This can be a significant saving for individuals and families. Groceries in Laurel have an index of 92, which is 8% below the national average, offering some relief for those managing their food budgets. Utilities, with an index of 95, are just 5% below the average, making them nearly on par with the national cost. Transportation costs in Laurel are at 90, which is 10% lower than the national average, providing another area where residents can save money. Healthcare, with an index of 95, is also close to the national average, ensuring that essential medical services remain affordable. Finally, miscellaneous costs, with an index of 88, are 12% below the national average, adding to the overall savings for Laurel residents.