Dundalk, MD vs Laurel, MD
There is a significant gap in the cost of living between these two cities. Dundalk is 24% cheaper than Laurel. With a cost index of 95 vs 125, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Dundalk to Laurel should plan for substantially higher expenses across most categories.
On the housing front, median rent in Dundalk is $1,412/month compared to $1,878/month in Laurel — a 25% difference. Home values follow the same pattern: Dundalk is more affordable at $199,600 median vs $367,300.
Median household income in Dundalk is $62,349 compared to $94,063 in Laurel (-33.7%). While Laurel is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Dundalk spend roughly 27.2% of their income on rent, more than the 24% in Laurel.
Climate-wise, both cities share similar average temperatures (59.1°F vs 56.2°F). Laurel receives more rainfall at 45" per year compared to 43.7" in Dundalk.
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NOAA 30-year normals (1991-2020)