Laurel, MT has a lower cost of living than the nationwide average. The overall cost of living index for Laurel is 89, which is 11% lower than the national average of 100. This means that job seekers may find housing and other living expenses more affordable in Laurel compared to the national average.
Each category shows slight variations. Housing is 15% below the national average, while groceries, utilities, transportation, healthcare, and miscellaneous costs hover around 5% to 10% below the national average. This data suggests that while Laurel offers cost savings, it still provides a quality living experience with relatively affordable expenses.
The cost of living in Laurel, Montana, presents a favorable comparison to the nationwide average, which is set at 100. Laurel's housing costs, for instance, sit at 85, indicating a 15% lower expense than the national standard. This reduction in housing costs can be a significant advantage for job seekers looking to settle in Laurel, providing more financial flexibility for other living expenses.
When considering other essentials, Laurel shows mixed results. The cost for groceries remains close to the national average at 95, meaning a mere 5% increase. Utilities are also slightly lower, at 90, which is a 10% reduction. Transportation costs in Laurel are slightly below the national average, standing at 89, which is 11% less expensive. Healthcare costs, crucial for any location, are at 92, indicating a modest 8% increase. The miscellaneous category, which includes items like entertainment and personal care, is at 88, offering a 12% decrease. These figures highlight Laurel as a potentially cost-effective place to live for those prioritizing lower expenses while maintaining a quality lifestyle.
