Cost of Living in Laurel, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
155.9
100 = national avg
+55.9 vs national average
Living Wage (1 Adult)
$68,589
per year
Living Wage (Family of 4)
$162,121
per year
Cost Index by Category
Housing203.1
Food121.9
Transportation132.1
Healthcare117.5
Utilities133.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,015
per month
2 Bedroom
$2,246
per month
The overall cost of living index in Laurel is 155.9, which is 55.9% above the national average. Housing costs are above the national average at an index of 203.1. A single adult needs to earn approximately $68,589 per year to cover basic expenses.