Laurel, DE, has a cost of living index that is slightly below the national average. The overall index stands at 91, which is 9% lower than the nationwide average of 100. This means that, on average, residents in Laurel can expect to pay less for most goods and services compared to the rest of the country.
Specifically, housing costs in Laurel are 15% lower than the national average, while groceries are only 5% below the average. Utilities and transportation costs are also slightly lower, at 8% and 10% below the national average, respectively. Healthcare costs are slightly higher, at 2% above the average, but miscellaneous expenses are 12% lower. This balanced mix makes Laurel an attractive option for those seeking a more affordable lifestyle.
Laurel, DE, presents a cost of living that is notably lower than the national 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 relocate or purchase property in the area.
Additionally, the cost of groceries in Laurel is slightly below the national average, with an index of 95. This means that grocery bills are 5% less than the nationwide average. Utilities, another essential expense, also show a modest decrease, with an index of 92, meaning residents pay 8% less than the average American. Transportation costs in Laurel are at 90, which is 10% lower than the national average. Healthcare costs, however, are slightly higher, with an index of 98, indicating a 2% increase over the national average. Miscellaneous expenses, with an index of 88, are 12% lower than the average. Overall, Laurel offers a cost of living that is generally favorable for those seeking to manage their expenses effectively.
