Laurel, DE, has a cost of living index that is slightly below the nationwide average. The overall cost of living in Laurel stands at 93, which is 7% lower than the national average of 100. This means that, on average, residents in Laurel can expect to spend less on most goods and services compared to the rest of the country.
Specifically, Laurel's housing costs are 15% lower than the national average, while groceries and utilities are only marginally lower. Transportation costs are 10% below the national average, and miscellaneous expenses are 8% lower. Healthcare costs in Laurel match the national average, making it a balanced consideration for those weighing their options.
Laurel, DE, presents a cost of living that is notably lower than the nationwide average, which is set at 100. Housing costs in Laurel stand at 85, indicating that residents can expect to pay 15% less than the average American. This reduction in housing expenses can be a significant advantage for those looking to settle in Laurel, as it provides more financial flexibility for other areas of living.
In addition to housing, the cost of groceries in Laurel is slightly below the national average, with an index of 95. This means that grocery expenses are 5% lower than the average cost across the country. Utilities in Laurel are also slightly below the national average, with an index of 98, which translates to a 2% lower cost. Transportation costs in Laurel are at 90, indicating a 10% reduction compared to the average. Healthcare costs remain on par with the national average at 100, ensuring no extra burden in this essential area. Miscellaneous expenses, with an index of 92, are 8% lower than the national average. Overall, Laurel offers a cost of living that is 7% below the nationwide average, making it an attractive option for those seeking a more affordable lifestyle.
