Cheswold, DE vs Laurel, DE

Laurel is moderately more affordable than Cheswold, with a 5.6% lower cost of living index. Cheswold scores 82 compared to 78 for Laurel, where the US average is 100. This difference means residents of Cheswold can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Cheswold is $860/month compared to $924/month in Laurel — a 7% difference. Interestingly, home values tell a different story: while Cheswold has cheaper rent, Laurel actually has lower median home values ($192,700 vs $290,500).

Median household income in Cheswold is $75,000 compared to $44,593 in Laurel (+68.2%). While Cheswold is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cheswold spend roughly 13.8% of their income on rent, less than the 24.9% in Laurel.