Cost of Living in Laurel
Laurel's cost of living runs genuinely close to Prince George's County's own broader averages, with a property tax rate above Maryland's statewide figure.
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Learn moreHome values near the county-wide average
Laurel's average home value ran $476,648 as of March 2026 (+0.2% YoY), genuinely close to Prince George's County's own broader $440,000 median sale price this pass, and below Maryland's own $463,449 statewide median.
A property tax rate above national and state averages
Prince George's County's effective property tax rate (1.12%-1.20%) runs above both the national median and Maryland's own 0.95%-1.04% statewide average.
A median household income above the national median
Laurel's median household income ($100,504, 2024, up from $94,063 the prior year) runs above the national median, supported by real NSA/Fort Meade proximity and Konterra's current development momentum.
Maryland's 10-bracket income tax and Prince George's 3.20% piggyback rate
Maryland's real, complex 10-bracket state income tax (2%-6.5%) applies statewide, layered under Prince George's County's own 3.20% local piggyback rate -- among Maryland's higher county rates.
Key takeaways
- Laurel's average home value ($476,648) runs close to Prince George's County's own median and below Maryland's statewide average.
- Prince George's County's property tax rate (1.12%-1.20%) runs above Maryland's statewide average.
- Median household income ($100,504) runs above the national median.
- Prince George's County's 3.20% local income tax rate sits among Maryland's higher county rates.
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