Cost of Living: Laurel, MD vs Owings Mills, MD
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,224/mo in Laurel, MD versus $4,224/mo in Owings Mills, MD. In the model, rent is about 27.36% of gross in Laurel, MD versus 26.45% in Owings Mills, MD, so Owings Mills, MD tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Laurel, MD and Owings Mills, MD.
At a glance
- Cheaper overall (lower cost-of-living index): Owings Mills, MD
- Lower rent (median 1BR/2BR): Owings Mills, MD
- Lower home prices: Owings Mills, MD
- Higher median household income: Laurel, MD
Cost of Living Index
Laurel, MD: 100 (U.S. = 100) · Owings Mills, MD: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Laurel, MD: $1,784/mo (midpoint of 1BR/2BR) · Owings Mills, MD: $1,725/mo
Median rent in Laurel, MD is $59/mo higher than in Owings Mills, MD.
Median Home Price
Laurel, MD: $367,300 · Owings Mills, MD: $335,000
Median home price in Laurel, MD is $32,300 higher than in Owings Mills, MD.
Median Household Income
Laurel, MD: $94,063 · Owings Mills, MD: $94,046
Laurel, MD has a higher median household income than Owings Mills, MD by $17.
Laurel, MD overview · Owings Mills, MD overview · Popular comparisons