Cost of living in Laurel, Mississippi

Cost of living
compared to USA

the lowest

Cost of living
compared to Mississippi

low

Median household
income

the lowest

Is it expensive to live in Laurel, Mississippi? When calculating the cost of living in Laurel, Mississippi we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in Laurel, Mississippi is the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Mississippi, while median household income in Laurel is $34,114 which is the lowest Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Mississippi.

Taxes in Laurel, Mississippi

The sales tax rate in Laurel, Mississippi is 7.0%. Last year, the average property taxes paid was 0.9% Laurel, Mississippi.

The state income tax in the state of Mississippi is 5.00%.

Housing costs in Laurel, Mississippi

The average cost of
a single-family home
compated to USA

low

The average cost of
a single-family home
compated to Mississippi

moderate

In Laurel, Mississippi, 66.0% of the population owns their homes, while approximately 34.0% rent. The average cost of a single-family home in Laurel, Mississippi in 2023 is $179,465 which is lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Mississippi. The average one-bedroom apartment cost is approximately $[no data] per month.

Rental Size	Monthly Cost	Compared to Mississippi
1 Bedroom	$[no data]	[no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom	$[no data]	[no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom	$[no data]	[no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom	$[no data]	[no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest