Laurel, MS, offers a cost of living that is notably lower than the nationwide average. The overall cost of living index for Laurel stands at 88, which is 12% below the national benchmark of 100. This lower cost of living makes Laurel an attractive option for those seeking more affordable living expenses without sacrificing quality of life.
Laurel, MS, offers a cost of living that is notably lower than the nationwide average. The cost of living index for Laurel stands at 86, which is 14% below the national average of 100. This lower index suggests that residents can expect to spend less on their overall living expenses compared to the average American. Housing, in particular, is significantly more affordable, with an index of 74, representing a 26% reduction from the national average.
In addition to housing, other categories like groceries, utilities, and transportation also show a favorable comparison. Groceries have an index of 92, which is 8% lower than the average. Utilities are priced at 90, a 10% decrease, and transportation costs are at 89, which is 11% below the national average. These figures indicate that Laurel provides a more cost-effective living environment in several key areas.
