Laurel, MS vs Pearl, MS
There is a significant gap in the cost of living between these two cities. Laurel is 17.9% cheaper than Pearl. With a cost index of 66 vs 80, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Laurel to Pearl should plan for substantially higher expenses across most categories.
On the housing front, median rent in Laurel is $839/month compared to $1,152/month in Pearl — a 27% difference. Home values follow the same pattern: Laurel is more affordable at $110,200 median vs $170,900.
Median household income in Laurel is $37,781 compared to $54,643 in Pearl (-30.9%). While Pearl is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Laurel spend roughly 26.6% of their income on rent, more than the 25.3% in Pearl.
Climate-wise, both cities share similar average temperatures (66.5°F vs 65.4°F). Laurel receives more rainfall at 58.9" per year compared to 57.3" in Pearl.
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Climate
NOAA 30-year normals (1991-2020)