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Laurel, MD

Complete financial data dashboard — cost of living, mortgage calculator, salary comparisons, and tax details.Source: U.S. Census Bureau ACS 2023 · FRED

Cost Index
102
Average
Median Home Value
$367,300
National: $426,735
Median Rent
$1,878/mo
National: $1,527/mo
Household Income
$94,063
National: $84,532
Population
29,594
Purchasing Power
109
100 = national baseline

Cost of Living Breakdown

Housing Cost Index
86 / 100
100 = national average
Rent Index
123 / 100
Overall Index
102
Average

Laurel Mortgage Calculator

Pre-filled with the local median home value of $367,300 and Maryland's property tax rate of 1.07%.

Salary & Purchasing Power

Median household income is $94,063 11% above the national average.

What $94,063 in Laurel Gets You Elsewhere

CityEquivalent SalaryDifference
New York, NY$139,250+48%
Los Angeles, CA$156,772+67%
Chicago, IL$74,697-21%
Houston, TX$65,475-30%

Property Tax in Laurel, MD

Est. Annual Property Tax
$3,930
Monthly Impact
$328
Added to your mortgage
Effective Rate
1.07%
National avg: ~1.00%

Maryland Tax Overview

Tax TypeMarylandNational Avg
Property Tax Rate1.07%1.00%
Top Income Tax Rate5.75%~5.0%
State Sales Tax6%~5.0%

Compare Laurel to Another City

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Cost of Living Comparison

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Laurel, MD
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Cost Index Comparison (100 = National Avg)

Housing CostsNational Avg: 100
Laurel, MD: 86
Rent Prices
123
LC
Reviewed by LivabilityCalc Research Team
Financial Data Analysts · Census & Economic Data Specialists
📊 Data Sources & Methodology
  • Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 2023 1-Year Estimates
  • Mortgage Rates: Freddie Mac Primary Mortgage Market Survey via Federal Reserve Economic Data (FRED)
  • Tax Rates: Tax Foundation State & Local Tax Data, 2024
  • Cost of Living Index: Calculated using Census housing + rental data vs. national median (see methodology)
Last data update: March 2026 · Mortgage rates updated weekly · Page auto-refreshes every 24 hours via ISR