Laurel, MS, has a cost of living index that is notably lower than the nationwide average of 100. Specifically, the overall cost of living in Laurel stands at 85, indicating that residents can expect to spend about 15% less than the national average on living expenses. This lower cost of living makes Laurel an attractive option for those seeking more affordable housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses.
Laurel, MS, offers a cost of living that is notably lower than the nationwide average. The cost of living index for Laurel stands at 83, which is 17% below the national average of 100. This lower index suggests that residents can find more affordable housing, groceries, and utilities compared to the average American. For instance, housing costs in Laurel are 25% lower than the national average, making it a more budget-friendly option for those looking to settle down.
In addition to the lower housing costs, Laurel also provides savings in other areas. Groceries cost 10% less, and utilities are 15% cheaper than the national average. While transportation costs are slightly below the average at 12% less, healthcare costs are only 5% lower. This balanced reduction in costs across various categories makes Laurel an attractive option for those seeking a more affordable lifestyle without sacrificing too much in terms of quality.
