Housing costs in Laurel?
A typical home costs
$143,600, which is 57.5% less expensive than the national average of
$338,100 and 7.5% less expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Laurel costs
$810 per month, which is 9.0% cheaper than the national average of
$890 and close to the state average of
$800.
Can I afford Laurel?
To live comfortably in Laurel (zip 39443), Mississippi, a minimum annual income of
$27,360 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Laurel?
The cost of living in 39443 Laurel, MS is relatively low compared to other parts of the country. The median home value in the city is $88,600 which is much lower than the national median of $188,900. Additionally, Laurel has an overall cost of living index of 81.1 which is significantly lower than the US average index of 100. This makes it attractive for those looking to save on their monthly expenses. Renters will find that costs are also very reasonable with the median gross rent being around $716 per month and the median household income being around $30,850. All in all, living in Laurel can be a very affordable option for those looking for an alternative to higher costs in bigger cities.