Laurel, MT, presents a cost of living index that is notably lower than the nationwide average. Specifically, the overall cost of living in Laurel is 90% of the national average, making it a more affordable place to live. The housing index at 90% and utilities at 80% contribute significantly to this lower cost.
Despite these savings, some categories like groceries and miscellaneous expenses are close to the national average, with indices at 95% and 92%, respectively. This balanced distribution suggests that while Laurel offers savings in key areas, other costs remain relatively comparable to the national average.
Laurel, Montana, presents a cost of living that is notably lower than the nationwide average, which is set at 100. The housing index in Laurel stands at 90, indicating that housing costs are 10% below the national average. This lower housing index can be a significant advantage for job seekers looking to minimize their living expenses. Additionally, the groceries index is at 95, which means that grocery costs are only 5% below the average, making it relatively affordable to stock up on essentials.
Transportation costs in Laurel are also 15% below the national average, with an index of 85. This reduction can be particularly beneficial for those who rely on personal vehicles. Utilities in Laurel are priced at 80, which is 20% lower than the national average, offering another area where residents can save money. The healthcare index matches the national average at 100, ensuring that medical costs remain consistent with the rest of the country. Overall, the miscellaneous cost index in Laurel is 92, indicating an 8% lower cost compared to the national average. These factors combined make Laurel an attractive option for those seeking a more affordable lifestyle.
