Cost of Living in Laurel, MT
Housing
The housing market plays a significant role in determining the cost of living in Laurel, MT.
- Housing Index: 102 / 100
- Median Home Price is: $299,000
- Average Rent (2 BR Apartment): $1535 per month
- Average Rent (2 BR House): $1668 per month
When considering a move to Laurel, MT, the data suggests a balanced housing market with a housing index of 102. The median home price of 299000 is quite reasonable, particularly for those looking to invest in property. With average rents averaging 1535 for a 2-bedroom apartment and 1668 for a 2-bedroom house, the rental prices are also competitive, especially for families. It's essential to compare these figures with local income levels and employment opportunities to ensure the area fits your financial goals and lifestyle.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Laurel, MT.
- Electricity Price: $13.58 USD (median by state)
- Natural Gas Price: $8.31 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $233 per month
Living in Laurel, MT could entail higher utility costs. Electricity costs sit at $13.58, while natural gas is priced at $8.31 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $233 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Laurel is a financially viable option for your relocation.