Laurel, Delaware Cost Of Living

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C-

Overall 2%

Goods & Services 17%

Housing 22%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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	102	114	100
Goods & Services	117	116	100
Groceries	127	121	100
Health care	96	100	100
Housing	78	121	100
Transportation	99	104	100
Utilities	93	93	100

Key findings

The cost of living in Laurel is 11% lower than the Delaware average
The cost of living in Laurel is 2% higher than the national average
Laurel housing is 22% lower than the national average
Delaware general sales tax is 100% lower than the national average
Delaware state income tax is 11% 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	$48,878	$4,073	$1,140	$1,466
Renters	$25,179	$2,098	$587	$755

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 $48,878 for those who own their own homes. Under the standard rule, that income level would allow for $1,140 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $25,179, per the median income in the area. That would allow for renters to spend up to $587 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	$16.50	$17.49	5.7%
Beauty Salon	$40.00	$38.17	4.8%
Toothpaste	$2.89	$2.32	24.5%
Shampoo	$1.07	$1.01	5.7%
Movie	$11.50	$10.72	7.2%
Bowling	$18.00	$13.86	29.9%

Groceries

Item	Laurel	National avg.	Difference
Ground Beef	$4.59	$3.90	17.7%
Fried Chicken	$2.09	$1.40	49.7%
Milk	$2.32	$1.96	18.2%
Potatoes	$4.52	$3.18	42.0%
Pizza	$10.00	$10.39	3.8%
Beer	$7.99	$9.23	13.4%

Health Care

Item	Laurel	National avg.	Difference
Optometrist	$106.50	$106.34	0.2%
Doctor	$106.50	$115.25	7.6%
Dentist	$88.50	$98.38	10.0%
Ibuprofen	$11.79	$9.26	27.3%
Lipitor	$467.89	$466.47	0.3%

Housing

Item	Laurel	National avg.	Difference
Home Price	$142,700.00	$184,700.00	22.7%
Avg. Mortgage Payment	$1,135.23	$1,273.32	10.8%
Apartment Rent	$753.00	$949.00	20.7%

Transportation

Item	Laurel	National avg.	Difference
Gasoline	$2.44	$2.59	5.9%
Tire Balancing	$54.00	$48.90	10.4%

Utilities

Item	Laurel	National avg.	Difference
All Electricity	$153.32	$167.60	8.5%
Phone	$173.76	$163.42	6.3%

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, State	Population	Cost of Living Index	National Avg.
Whaleyville, MD	102	112	12%
Quantico, MD	25	112	12%
Delmar, DE	1,792	100	0%
Federalsburg, MD	2,675	101	1%
Pittsville, MD	1,335	101	1%
Laurel, DE	3,984	102	2%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Bloomfield Hills, MI	3,984	200	100%
Dundee, FL	3,986	84	-16%
Desoto Lakes, FL	3,982	111	11%
Crescent Springs, KY	3,986	101	1%
Berne, IN	3,982	81	-19%
Laurel, DE	3,984	102	2%

Source: The Laurel, DE cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Laurel, DE Cost of Living

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