The cost of living in Laurel, Montana, stands at 90, which is slightly below the nationwide average of 100. This lower index suggests that overall expenses for housing, groceries, utilities, transportation, healthcare, and miscellaneous items are more affordable in Laurel compared to the national average.
Laurel residents benefit from a 10% reduction in their cost of living index. Specifically, housing costs are 15% lower, while groceries, utilities, transportation, healthcare, and miscellaneous expenses range from 5% to 12% below the national average. This makes Laurel an attractive location for those seeking a more budget-friendly lifestyle.
Laurel, MT, offers a cost of living that is generally lower than the nationwide average, making it an attractive option for those looking to balance quality of life with affordability. The housing index in Laurel stands at 85, which means housing costs are 15% lower than the national average. This provides a significant savings opportunity for residents, allowing them to allocate more funds to other essential expenses or savings.
In addition to housing, other key areas reflect Laurel’s lower cost of living. Groceries cost 95 compared to the national average of 100, indicating a slight decrease in grocery prices. Utilities in Laurel are at 90, showing that residents can save 10% on utility bills. Transportation costs are also 92, suggesting savings of 8%. Healthcare costs are at 88, meaning residents can save 12% on healthcare compared to the nationwide average. Miscellaneous expenses, which include things like entertainment and personal care, are at 93, offering a modest 7% saving. Overall, Laurel, MT, provides several areas where residents can enjoy notable savings compared to the national average.
