Cost Of Living in Laurel, DE

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4%

Overall NAT. AVG.

6%

Goods & Services NAT. AVG.

19%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Laurel	Delaware	National
Cost of living	96	108	100
Goods & Services	106	104	100
Groceries	100	102	100
Health care	104	103	100
Housing	81	121	100
Transportation	98	102	100
Utilities	95	98	100

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Cost Of Living Quick Facts

The cost of living in Laurel is 12% lower than the Delaware average
The cost of living in Laurel is 4% lower than the national average
Laurel housing is 19% lower than the national average
Delaware general sales tax is 100% lower than the national average
Delaware state income tax is 15% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$58,438	$4,870	$1,363	$1,753
Renters	$23,313	$1,943	$544	$699

A good indicator of the general affordability of housing in Laurel, DE, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Laurel, the median monthly income is $58,438 for those who own their own homes. Under the standard rule, that income level would allow for $1,363 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $23,313, per the median income in the area. That would allow for renters to spend up to $544 on monthly rental expenses.

Delaware Sales Tax

State	General Sales Tax	With Max Surtax
Delaware	0%	0%

Delaware Income Tax

State	Income Tax (Low)	Income Tax (High)
Delaware	2.2%	6.6%

Goods & Services

Item	Laurel	National avg.	Difference
Haircut	$29.11	$24.26	20.0%
Beauty Salon	$52.88	$45.56	16.1%
Toothpaste	$3.76	$3.70	1.6%
Shampoo	$1.20	$1.28	6.5%
Movie	$13.93	$12.13	14.8%
Bowling	$23.28	$18.00	29.3%

Groceries

Item	Laurel	National avg.	Difference
Ground Beef	$5.47	$5.84	6.3%
Fried Chicken	$1.34	$1.57	14.8%
Milk	$4.61	$4.67	1.3%
Potatoes	$5.39	$4.93	9.2%
Pizza	$12.81	$12.09	6.0%
Beer	$10.53	$10.41	1.1%

Health Care

Item	Laurel	National avg.	Difference
Optometrist	$144.11	$125.68	14.7%
Doctor	$139.66	$135.78	2.9%
Dentist	$132.33	$113.29	16.8%
Ibuprofen	$10.65	$10.65	0.0%
Lipitor	$369.07	$468.60	21.2%

Housing

Item	Laurel	National avg.	Difference
Home Price	$155,600.00	$184,700.00	15.8%
Avg. Mortgage Payment	$2,380.70	$2,346.69	1.4%
Apartment Rent	$692.00	$949.00	27.1%

Transportation

Item	Laurel	National avg.	Difference
Gasoline	$3.40	$3.46	1.7%
Tire Balancing	$57.32	$59.92	4.3%

Utilities

Item	Laurel	National avg.	Difference
All Electricity	$182.13	$193.99	6.1%
Phone	$182.79	$192.25	4.9%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Whaleyville, MD	48	102	2.0%
Federalsburg, MD	2,668	93	7.5%
Eldorado, MD	76	93	6.7%
Hebron, MD	1,019	94	5.6%
Sharptown, MD	687	97	2.9%
Laurel, DE	4,311	96	4.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
University Gardens, NY	4,310	189	89.3%
East Troy, WI	4,310	104	4.2%
Atlantic Highlands, NJ	4,312	150	49.9%
Heritage Hills, NY	4,309	153	52.9%
Canton, NC	4,313	94	6.0%
Laurel, DE	4,311	96	4.3%