Cost of Living in Laurel, MD
Population 29,798 · Census ACS 2020–2024 5-year estimates
The median rent in Laurel, MD is $1,873/month, 10% higher than the Maryland median and 33% higher than the U.S. median. The median home value is $385,500, 16% higher than the national median. Households earn a median of $100,504 a year, 3% lower than the state median.
Affordability
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Laurel vs. Maryland vs. U.S.
| Laurel | Maryland | U.S. | |
|---|---|---|---|
| Median rent | $1,873 | $1,705 | $1,413 |
| Median home value | $385,500 | $419,900 | $332,700 |
| Median household income | $100,504 | $103,678 | $80,734 |
| Homeownership rate | 44.2% | 67.6% | 65.2% |
| Bachelor's degree or higher | 47.7% | 43.4% | 35.7% |
| Poverty rate | 9.0% | 9.4% | 12.5% |
| Unemployment rate | 4.7% | 4.9% | 5.2% |
| Work from home | 17.1% | 19.3% | 15.1% |
| Median age | 36.3 | 39.4 | 38.9 |
FAQ
What is the average rent in Laurel, MD?
The median gross rent in Laurel, MD is $1,873 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Laurel, MD?
Using the common 30% rule, renting a median-priced home takes about $74,920 a year in gross income.
Is Laurel, MD expensive to live in?
Rent there is 33% higher than the U.S. median, and the median home costs about 3.8 times the median household income.
Other cities in Maryland
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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