Prince Georges County · Maryland · South · 30k residents
Laurel, MD: economy, jobs & business costs
The site-selection read on Laurel: labor costs, talent, corporate tax, energy, and business activity, with the Maryland median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,463/wk. Maryland's corporate income tax rate is 8.25%. Commercial electricity averages 13.0¢/kWh.
Compare Laurel side by side
Avg. weekly wage
$1,463/wk
Corporate income tax
8.25%
Bachelor's degree or higher
47.7%
Commercial electricity
13.0¢/kWh
Economic momentum
How fast Laurel's economy is moving, ranked against the US cities we track.
60/100
Steady
Ranks Laurel's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $385,500 |
| Price per sq. ft. | $250 |
| Property tax rate | 1.05% |
| 1-bedroom rent | $1,755/mo |
| 2-bedroom rent | $1,907/mo |
| State & local income tax | 7.6% |
| Sales tax | 6% |
| Corporate income tax | 8.25% |
| Avg. weekly wage | $1,463/wk |
| Bachelor's degree or higher | 47.7% |
| Commercial electricity | 13.0¢/kWh |
| Businesses per 1k residents | 19.6/1k |
| Wage: Software developer | $138,680 |
| Wage: Registered nurse | $99,790 |
| Wage: General manager | $117,930 |
| Wage: Customer service | $42,830 |
| Wage: Warehouse worker | $37,690 |
| Wage: Heavy truck driver | $59,360 |
| Wage: Electrician | $73,490 |
| Wage: Retail salesperson | $35,510 |
| Cost of living index | 112 |
| Groceries index | 105 |
| Utilities | $190/mo |
| Transit pass | $77/mo |
| Gas price | $3.35/gal |
| Healthcare index | 100 |
| Childcare (per child) | $1,400/mo |
| Median household income | $100,504 |
| Unemployment rate | 2.8% |
| Population | 30k |
| Crime index | 52/100 |
| School rating | 6.2/10 |
| Walkability | 30/100 |
| Disaster risk | 93/100 |
| Avg. commute | 32 min |
| Sunny days / year | 213 days |
| July high | 89°F |
| January low | 26°F |
| Annual snowfall | — |
| Home price YoY | -0.4% |
| Home price MoM | -0.2% |
| Rent YoY | +2.0% |
| Rent MoM | 0.0% |
| Employment (jobs) YoY | -0.2% |
| Building permits YoY | +250.0% |
| Ocean coast | 100 mi |
| Big lake | 186 mi |
| Mountains | 88 mi |
| Major airport | 12 mi |
| Ski resort | 111 mi |
Popular comparisons
Nearby
- North Laurel, MD · 26k
- South Laurel, MD · 29k
- Maryland City, MD · 19k
- Fairland, MD · 26k
- Beltsville, MD · 19k
Similar size
- Crofton, MD · 30k
- Clarksburg, MD · 30k
- Perry Hall, MD · 29k
- Parkville, MD · 31k
- Milford Mill, MD · 31k
Real listings in Laurel
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Laurel a good place to run a business?
- Maryland's corporate income tax rate is 8.25%; average weekly wages in the surrounding labor market run $1,463/wk; commercial electricity averages 13.0¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Laurel, MD?
- Laurel indexes at 112 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,907/mo and a acs median home value of $385,500.
- How much does a house cost in Laurel?
- The acs median home value in Laurel is $385,500 (Census ACS estimate; individual listings vary).
- How much is rent in Laurel?
- A two-bedroom in Laurel rents for about $1,907/mo.