Cost of Living: Laurel, MS vs Portland, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Laurel | Portland |
|---|---|---|
| Housing Index | 85.0 | 98.2 |
| Median Home Price | $142,000 | $290,000 |
| Average Rent (2 BR Apartment) | $1380 | $1720 |
| Average Rent (2 BR House) | $1500 | $1870 |
Housing Comparison: Laurel vs Portland
- The median home price in Portland is higher at $290,000, compared to $142,000 in Laurel.
- In Portland, the rental for a two-bedroom apartment stands at $1,720, while it is $1,380 in Laurel.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Laurel | Portland |
|---|---|---|
| Electricity Price | $13.42 | $14.47 |
| Natural Gas Price | $22.19 | $26.29 |
| Other Utilities | $250 | $235 |
Utilities Comparison: Laurel vs Portland
- Portland has higher electricity costs at $14.47 per kWh, versus $13.42 in Laurel.
- Portland experiences higher natural gas costs at $26.29 per unit, with costs at $22.19 in Laurel.
- Other utility costs are higher in Laurel at an average of $250, compared to Portland with $235.