Cost of Living: Fort morgan, CO vs Laurel, MS
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Fort morgan | Laurel |
|---|---|---|
| Housing Index | 121.1 | 85.0 |
| Median Home Price | $308,000 | $142,000 |
| Average Rent (2 BR Apartment) | $2126 | $1380 |
| Average Rent (2 BR House) | $2311 | $1500 |
Housing Comparison: Fort morgan vs Laurel
- In Fort morgan, the median home price is higher at $308,000, while in Laurel it is $142,000.
- Renting a two-bedroom apartment costs more in Fort morgan at $2,126 than in Laurel at $1,380.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Fort morgan | Laurel |
|---|---|---|
| Electricity Price | $15.21 | $13.42 |
| Natural Gas Price | $11.3 | $22.19 |
| Other Utilities | $246 | $250 |
Utilities Comparison: Fort morgan vs Laurel
- Electricity costs are higher in Fort morgan at $15.21 per kWh, compared to $13.42 in Laurel.
- Laurel experiences higher natural gas costs at $22.19 per unit, with costs at $11.3 in Fort morgan.
- Laurel has higher utility expenses, averaging $250, while Fort morgan averages $246.