salaryRent is lower than in 86% of U.S. cities. A typical house costs about 3.2 years of household income. Commutes are short, about 19.1 minutes.
How much money do I need?
To rent here comfortably, you should earn about $41,320 a year. That is $20 an hour at a full-time job.
Is rent cheaper than other Montana cities?
Yes. Rent here is cheaper than in most of Montana. It is number 5 of 27 cities from cheapest to most expensive.
How much do households earn in Laurel?
Share of households by yearly income. 19.2% of households earn $100,000 or more.
Rent by apartment size in Laurel
| Size | Laurel | U.S. average |
|---|---|---|
| Studio | $663 | $1,338 |
| 1 bedroom | $837 | $1,324 |
| 2 bedrooms | $799 | $1,509 |
| 3 bedrooms | $1,543 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Laurel overall?
Everyday prices in Montana overall are 5% below the U.S. average (index 94.6, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Laurel, so the Montana figure is shown.
Taxes and bills in Laurel
Life in Laurel
Is it cheaper to rent or buy in Laurel?
Renting is cheaper right now: about $598 a month less.
Owning assumes a typical $235,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $23,510 for the down payment.
Frequently asked questions
What is the average rent in Laurel, MT?
Renting in Laurel costs a median of about $1,033 a month in 2026, including utilities. The Montana median is $1,260.
How much do I need to make to live in Laurel?
To keep rent under 30% of income, you need about $41,320 a year, or $20 an hour at a full-time job.
Is Laurel cheap or expensive?
Laurel is rated Cheap: rent takes 16.8% of the typical household income of $73,849. It ranks 5th cheapest of 27 Montana cities we track.
How much are property taxes in Laurel?
The median homeowner in Laurel pays $1,939 a year in property taxes, about 0.82% of the median home value.
Is Laurel more expensive than the national average?
Overall prices in Montana are 5% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Laurel?
The median home value in Laurel is $235,100, about 3.2 times the typical yearly household income.
7,215 people live in Laurel. Numbers are typical (middle) values.