Laurel, DE vs Lincoln, DE
There is a significant gap in the cost of living between these two cities. Laurel is 18.5% cheaper than Lincoln. With a cost index of 78 vs 95, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Laurel to Lincoln should plan for substantially higher expenses across most categories.
When it comes to buying, median home values in Laurel are $192,700 compared to $261,400 in Lincoln, a 26% gap.
Median household income in Laurel is $44,593 compared to $74,712 in Lincoln (-40.3%). While Lincoln is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.
Income & Cost
Housing
Salary Equivalency Calculator
What does your salary in one city buy you in the other?