Cost of Living in Laurel, MD

Population: 29,594 • 2026 Data

$94,063
Median Household Income
+22% vs national
$1,878
Median Monthly Rent
+39% vs national
$367,300
Median Home Value
+8% vs national
4.4%
Unemployment Rate

Housing in Laurel

The median home value in Laurel, MD is $367,300. Monthly rent for a typical unit averages $1,878, while total monthly housing costs (including utilities and insurance) average $1,902.

Rent-to-income ratio: 24.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.

Income and Employment

The median household income in Laurel, MD is $94,063. The unemployment rate stands at 4.4%, with a labor force of 17,954 people.

Other Cities in Maryland

Baltimore, MD → Columbia, MD → Germantown, MD → Waldorf, MD → Silver Spring, MD → Frederick, MD → Ellicott City, MD → Glen Burnie, MD →

Data Sources

All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.

Verify at data.census.gov